Energy supply company plans to cut price of gas

A NEW energy supply company plans to cut the cost of gas to commercial and industrial users.

Vayu, which already manages energy supply for the members of the Irish Energy Cop-operative, said it has 5.25% share of the market for large corporate and industrial users and was poised to win more market share when a further 16,000 companies can choose their supplier from next month.

Vayu said yesterday it has secured nine customers for the supply of natural gas in Ireland.