Premier Power Limited is an electricity supply company in
Northern Ireland
Northern Ireland ( ga, Tuaisceart Éireann ; sco, label=Ulster-Scots, Norlin Airlann) is a part of the United Kingdom, situated in the north-east of the island of Ireland, that is variously described as a country, province or region. North ...
.
The company was formed in 1992 following the
privatization
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when ...
of electricity supply in Northern Ireland. Previously,
Northern Ireland Electricity
Northern Ireland Electricity Networks Limited (NIE Networks) is the electricity asset owner of the transmission and distribution infrastructure in Northern Ireland, established in 1993 when the business was privatised. NIE Networks does not gene ...
was responsible for the running of the country's power stations and transmission. British Gas (now
BG Group
BG Group plc was a British multinational oil and gas company headquartered in Reading, United Kingdom. On 8 April 2015, Royal Dutch Shell announced that it had reached an agreement to acquire BG Group for $70 billion, subject to regulatory an ...
) bought
Ballylumford power station
Ballylumford power station is a natural-gas-fired power station in County Antrim, Northern Ireland, UK. With its main plant generating 600 megawatts of electricity, it is Northern Ireland's largest power station and provides half its power. O ...
from NIE and formed Premier Power to run it.
On 12 August 2010 the
AES Corporation
The AES Corporation is an American utility and power generation company. It owns and operates power plants, which it uses to generate and sell electricity to end users and intermediaries like utilities and industrial facilities. AES is headquart ...
announced that its subsidiary, AES Ballylumford Holdings Limited, had acquired Premier Power through an all-cash transaction for £102 million (approximately $160 million), which included purchase price and working capital adjustment. The transaction was announced on 2 July 2010, and was subject to licence consents from the Northern Ireland Authority for Utility Regulation and the Northern Ireland Department of Enterprise, Trade and Investment.
Through the
Ballylumford facility, Premier Power generates 50% of Northern Ireland's electricity and 17% of all
Ireland's.
See also
*
List of Irish companies
This is a list of notable companies based in Ireland, or subsidiaries according to their sector. It includes companies from the entire island. The state of the Republic of Ireland covers five-sixths of the island, with Northern Ireland, part of th ...
*
Energy policy of the United Kingdom
The energy policy of the United Kingdom refers to the United Kingdom's efforts towards reducing energy intensity, reducing energy poverty, and maintaining energy supply reliability. The United Kingdom has had success in this, though energy in ...
*
Energy use and conservation in the United Kingdom
Energy in the United Kingdom came mostly from fossil fuels in 2021. Total energy consumption in the United Kingdom was 142.0million tonnes of oil equivalent (1,651 TWh) in 2019. In 2014, the UK had an energy consumption ''per capita'' of 2.78t ...
*
Green electricity in the United Kingdom
The availability and uptake of green electricity in the United Kingdom has increased in the 21st century. There are a number of suppliers offering green electricity in the United Kingdom. In theory these types of tariffs help to lower carbon diox ...
References
External links
Premier Power website
Electric power companies of Northern Ireland
AES Corporation
1992 establishments in Northern Ireland
British companies established in 1992
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