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Gas & Electricity

Flogas signs agreement to acquire Just Energy’s business in Ireland

Rob Flynn

Rob Flynn

Staff Writer

Flogas is currently awaiting approval for the acquisition from the Commission for Regulation of Utilities (CRU) in Ireland.

As the energy market in Ireland becomes increasingly competitive Irish-owned company Flogas Natural Gas Limited (Flogas) has announced an agreement to acquire the business of Just Energy on the Emerald Isle.

The announcement follows the decision by Just Energy back in May to exit the Irish market following an re-evaluation of its operations here.

With Flogas today reassuring customers of Just Energy that there will be no impact to their energy supply during the transfer period, Flogas is now awaiting final approval from the CRU before communicating with customers. 

So who is Flogas and what can current customers of Just Energy expect from this news?

Who is Flogas?

Flogas is an Irish-owned company with a pedigree in the retail energy market since 1978. It supplies natural gas and electricity to over 35,000 residential and commercial customers in Ireland.

Employing over 200 people all over the country, Flogas Ireland Limited established Flogas Natural Gas Limited in 2004 following the deregulation of the residential natural gas market here.

It has been offering natural gas to the residential and commercial sectors since 2009 and electricity to the commercial sector since 2016.

What’s next?

There are approximately 10,000 Just Energy residential and commercial customers in Ireland. Thankfully Flogas has advised that no customers will be affected during the transfer period, while no action is required by customers as all contracts will transfer by the end of December 2019.

If you’re wondering why you weren’t contacted as of yet, don’t fret, as Flogas is currently awaiting the final approval of the CRU and, once received, will notify Just Energy customers about their accounts posthaste.

What about tariff changes?

Flogas has stated that ‘some individual tariff details may change’ but is assuring customers that their ‘annual estimated bill should not change’.

Just Energy customers will be written to after the official transfer date and will then be able to contact the Flogas Customer Support Team regarding their accounts.

Despite reassurances of no changes to estimated bills, it's important to note that most Just Energy customers will be out of contract and free to sign up to a different supplier if they wish to do so.

Our own Head of Communications, Daragh Cassidy had this to say:

“The announcement today by Flogas brings to an end the uncertainty as to what would happen to Just Energy’s customers after it announced back in May that it was exiting the Irish market."

"However customers should still carefully study the new tariffs they’re being put onto and then compare the market to ensure there aren’t cheaper options available.”

Why not save money today and find the cheapest deal on the market with our quick and easy energy price comparison service?

Climate action

As we all know getting the best deal takes a bit of research and sometimes stamina but one thing customers should be increasingly conscious of is how engaged your supplier is in tackling the energy needs of the future.

For those customers who want reassurance that Flogas is dedicated to decarbonisation, it has also announced a purchase of carbon offsets equivalent to the carbon generated from the supply of electricity to Just Energy customers.

This in turn means the electricity supplied by Flogas will be carbon neutral.

Any thoughts?

What do you think of the news? Get in touch and let us know! 

You can either drop us a comment below or you can get in touch with us on Facebook, Twitter, or Instagram.

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