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Selkirk firm strikes energy deal with Morgan Stanley

SELKIRK-based Spark Energy has signed its first ever wholesale trading agreement by committing to buying all of its gas and electricity from Morgan Stanley Commodities, writes Scott Wright.

The company, which employs 200 staff at its Borders headquarters, said the deal allows it to access wholesale markets while allowing it to provide competitive energy prices.

The deal with Morgan Stanley Commodities also gives Spark access to long-term hedging and supply arrangements for its core commodities on extended trading terms and on a collateral-free basis.

Managing director Chris Gauld described it as a "landmark deal".

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