An Irish energy supplier has signed a deal valued at €3m per annum with retailer Debenhams Ireland.

Vayu Energy will supply Debenhams with gas and 100% green electricity for its eleven stores in the Republic of Ireland and five stores in Northern Ireland.

The deal provides Debenhams with direct access to wholesale market prices for both electricity and gas, allowing the company to achieve significant savings compared with traditional fixed rate tariffs in the market. As part of a fully managed agreement, Vayu Energy will provide Debenhams with the procurement tools, market analysis and advice to purchase energy at the best price available in the market.

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Jaz Rabadia, Energy Manager at Debenhams, said: "The deal gives us direct access to wholesale gas and electricity prices backed up by Vayu's deep expertise and understanding of Ireland's energy market. This is nothing less than a win-win for Debenhams, enabling us to manage our energy procurement more effectively while significantly reducing our energy costs."

(CD/JP)