ESB and Eircom announce €22m contract

ESB Electric Ireland has secured a €22m contract with Eircom Group Ltd which will see it service Eircom’s strategic energy requirements over the next two years.

As part of the contract, ESB Electric Ireland will supply electricity to 81 major telephone exchanges and installations and Eircom’s new corporate headquarters at Heuston South Quarter, and support the company with long range energy procurement.

Announcing the contract today, ESB Electric Ireland Industrial & Commercial Business Manager Derek Russell said the company had developed a highly flexible, innovative contract which would help drive cost-savings and energy efficiency for Eircom.

“Volatility in wholesale energy markets, such has been the case in recent times, can make it difficult for large energy users to accurately forecast their long term needs and costs,” Mr Russell said.

“We have structured this new contract in a way which brings the client ‘inside’ our energy trading centre and enables them to leverage the expertise and experience we have in managing the gas, carbon and foreign exchange inputs that determine their final energy costs.”

Commenting on the new contract, Eircom’s Director of Group Procurement and Supply Chain Management, Paul Quinn said: ”We are very pleased to award this contract to ESB Electric Ireland. It gives us the flexibility to secure cost savings in what continues to be a highly volatile market. Energy is a significant cost to us in providing services to our customers. Our focus is to procure energy in a way that delivers savings and as much certainty as possible. "