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04/03/2022
SSE Airtricity Announce 39% Gas Price Increase
SSE Airtricity has announced a 39% increase in natural gas prices across Northern Ireland from 01 April, 2022.
This tariff change means a typical household customer will see an annual increase of £244.00, equivalent to around £0.67 per day. The price change comes into effect from 1 April 2022 and will apply to all domestic and small business customers supplied by SSE Airtricity.
The energy supplier said that the continued pressure on global energy markets "has a significant impact on energy suppliers' ability to keep prices down".
As seen through other supplier announcements and recent messages from the Utility Regulator, international energy costs are having a direct impact on homes and businesses in Northern Ireland.
Andrew Greer, SSE Airtricity General Manager (NI) said: "We understand this news will be unwelcome, if not unexpected, to our customers, given the extensive media focus on wholesale markets over the last 6 months. The cost of purchasing natural gas on the wholesale market has reached record highs this winter and regrettably, a proportion of this must be reflected in our prices. In March 2021 gas cost around 50 pence per therm, today that cost is around £2 per therm after hitting as high as £4.50 per therm late last year. SSE Airtricity has a longstanding history of working with our customers and we have made every effort to minimise the impact on them.
"We would encourage any customer who is having difficulty with their energy costs to contact us, and we will work with you to find a solution together. There is also free Independent help and information available from the Consumer Council and Advice NI who provide a range of impartial services to consumers in Northern Ireland including advice about saving energy."
As a regulated gas supplier in Northern Ireland, SSE Airtricity's tariffs are independently scrutinised and approved by the Utility Regulator, and in consultation with the Consumer Council and the Department for the Economy. This tariff review has been undertaken during a period of unprecedented energy market volatility and record highs in wholesale natural gas costs, which if sustained will require further tariff changes in the coming months.
This tariff change means a typical household customer will see an annual increase of £244.00, equivalent to around £0.67 per day. The price change comes into effect from 1 April 2022 and will apply to all domestic and small business customers supplied by SSE Airtricity.
The energy supplier said that the continued pressure on global energy markets "has a significant impact on energy suppliers' ability to keep prices down".
As seen through other supplier announcements and recent messages from the Utility Regulator, international energy costs are having a direct impact on homes and businesses in Northern Ireland.
Andrew Greer, SSE Airtricity General Manager (NI) said: "We understand this news will be unwelcome, if not unexpected, to our customers, given the extensive media focus on wholesale markets over the last 6 months. The cost of purchasing natural gas on the wholesale market has reached record highs this winter and regrettably, a proportion of this must be reflected in our prices. In March 2021 gas cost around 50 pence per therm, today that cost is around £2 per therm after hitting as high as £4.50 per therm late last year. SSE Airtricity has a longstanding history of working with our customers and we have made every effort to minimise the impact on them.
"We would encourage any customer who is having difficulty with their energy costs to contact us, and we will work with you to find a solution together. There is also free Independent help and information available from the Consumer Council and Advice NI who provide a range of impartial services to consumers in Northern Ireland including advice about saving energy."
As a regulated gas supplier in Northern Ireland, SSE Airtricity's tariffs are independently scrutinised and approved by the Utility Regulator, and in consultation with the Consumer Council and the Department for the Economy. This tariff review has been undertaken during a period of unprecedented energy market volatility and record highs in wholesale natural gas costs, which if sustained will require further tariff changes in the coming months.
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Northern Ireland WeatherThis Evening and Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
