OREANDA-NEWS. February 22, 2011. In 2010 power supply companies of the Retail Division of IES-Holding signed 119 energy service contracts. The economic effect from reduced energy consumption under these contracts totaled 7 million rubles per annum.

"These are mostly contracts for one year and three years but from 2011 we plan to sign longer and thus more effective contracts for five years", told reporters Mr Sergey Yemelchenkov, Executive Vice President and Head of the IES Retail Division. He presented the website (http://promo.ies-garant.ru/ where companies in five regions of the Russian Federation can purchase products and services to optimize energy consumption and expenses for electric energy.

Since 2009 IES-Holding in cooperation with the power supply company LLC IES-Garant offers to consumers an entire range of such products and services: from acquisition of energy conservation equipment, design and installation of metering systems to complex solutions for improving energy efficiency and financing energy efficient measures.

One of the most popular products is a power supply contract at a fixed rate, a product unique for the Russian power market. In 2010 over 1,500 of such contracts were made with a total productive supply of 147 million kWh. "During the project, there emerged a stable group of consumers who find the terms of power supply contracts offered by IES-Garant the most favorable. These are primarily small- and medium-sized businesses as well as state-funded organizations for which a fixed price for electric power is an important factor in cooperation with partners or in budget planning", said Mr Yemelchenkov.

In 2011 the company will also focus on promoting sales and installation of meters. In 2010 IES in cooperation with IES.Garant sold over 30,000 meters.

"Liberalization, increased competition and energy efficiency will define the development of the electric power market in Russia in the near future. In these conditions the importance of partnership relations between supply companies and consumers increases. With the help of a supply company, clients may systematically reduce their energy expenses", said Mr Yemelchenkov.