Menu
17/10/2022
Power NI To Increase Electricity Tariffs By 60.5%
Northern Ireland's largest electricity supplier, Power NI is set to increase its tariff by 60.5% from 1 November 2022, impacting over 471,000 households.
However, this significant increase will be offset by the UK Government Energy Price Guarantee Scheme that will take effect for all domestic energy consumers on the same date.
With the Energy Price Guarantee Scheme coming into effect on 1 November, Power NI consumer bills will be around 10% cheaper than current Power NI tariffs. The Energy Price Guarantee will be in place for two years and will apply to every domestic consumer's electricity bills regardless of their supplier.
Peter McClenaghan, Director of Infrastructure and Sustainability at the Consumer Council said: "Thankfully, the Government's Energy Price Guarantee has helped avoid what would have otherwise been a very large price increase for Power NI customers on 1 November 2022. Instead, Power NI customers will experience a welcome reduction in their bills as will all other domestic electricity consumers.
"Northern Ireland has five different electricity suppliers, all offering different rates, payment options and billing methods. Switching between suppliers or making sure you are on the best deal your current supplier provides could help reduce your energy bills.
"Even when the Energy Price Guarantee is in place, energy bills will be higher than normal and some consumers in Northern Ireland could save hundreds of pounds per year simply by switching supplier.
"To make the switching process easier the Consumer Council provide a free, independent, energy price comparison tool on our website which compares every energy tariff available in Northern Ireland to help you get the best deal.
"The Energy Price Guarantee is a discount applied to the price of a unit of energy, not a price cap. This means your exact bill will still depend on how much energy you use. Therefore, we encourage everyone to reduce your energy use if you can and aren't already doing so."
However, this significant increase will be offset by the UK Government Energy Price Guarantee Scheme that will take effect for all domestic energy consumers on the same date.
With the Energy Price Guarantee Scheme coming into effect on 1 November, Power NI consumer bills will be around 10% cheaper than current Power NI tariffs. The Energy Price Guarantee will be in place for two years and will apply to every domestic consumer's electricity bills regardless of their supplier.
Peter McClenaghan, Director of Infrastructure and Sustainability at the Consumer Council said: "Thankfully, the Government's Energy Price Guarantee has helped avoid what would have otherwise been a very large price increase for Power NI customers on 1 November 2022. Instead, Power NI customers will experience a welcome reduction in their bills as will all other domestic electricity consumers.
"Northern Ireland has five different electricity suppliers, all offering different rates, payment options and billing methods. Switching between suppliers or making sure you are on the best deal your current supplier provides could help reduce your energy bills.
"Even when the Energy Price Guarantee is in place, energy bills will be higher than normal and some consumers in Northern Ireland could save hundreds of pounds per year simply by switching supplier.
"To make the switching process easier the Consumer Council provide a free, independent, energy price comparison tool on our website which compares every energy tariff available in Northern Ireland to help you get the best deal.
"The Energy Price Guarantee is a discount applied to the price of a unit of energy, not a price cap. This means your exact bill will still depend on how much energy you use. Therefore, we encourage everyone to reduce your energy use if you can and aren't already doing so."
Related Northern Ireland News Stories
Click here for the latest headlines.
19 November 2024
Department Of Health Encourages Self-Care This Winter
The Department of Health is urging people to take steps to care for their health and well-being, especially during the winter months. Health Minister Mike Nesbitt emphasised the importance of self-care, particularly for older adults and individuals with long-term health conditions.
Department Of Health Encourages Self-Care This Winter
The Department of Health is urging people to take steps to care for their health and well-being, especially during the winter months. Health Minister Mike Nesbitt emphasised the importance of self-care, particularly for older adults and individuals with long-term health conditions.
15 November 2024
New £4.3m Grant To Boost Business Innovation
Economy Minister Conor Murphy has launched the Business Innovation Grant (BIG), a new £4.3 million initiative designed to stimulate innovation and enhance productivity among Northern Irish businesses. The scheme, developed by Invest Northern Ireland and delivered in partnership with Innovate NI, is open to micro-businesses, sole traders, and SMEs.
New £4.3m Grant To Boost Business Innovation
Economy Minister Conor Murphy has launched the Business Innovation Grant (BIG), a new £4.3 million initiative designed to stimulate innovation and enhance productivity among Northern Irish businesses. The scheme, developed by Invest Northern Ireland and delivered in partnership with Innovate NI, is open to micro-businesses, sole traders, and SMEs.
25 November 2024
Ergo Invests £4.5m In NI Expansion
Leading IT solutions provider, Ergo, will invest £4.5 million to expand into Northern Ireland, creating 40 high-quality jobs over the next three years.
Ergo Invests £4.5m In NI Expansion
Leading IT solutions provider, Ergo, will invest £4.5 million to expand into Northern Ireland, creating 40 high-quality jobs over the next three years.
22 November 2024
SF Calls For Action On NI Mental Health Services
Sinn Féin has called for more to be done to improve mental health services across the north of Ireland. The party's mental health spokesperson, MLA Órlaithí Flynn, made the call after the release of the Registrar General's 2023 Annual Report which has highlighted an increase in deaths by suicide in 2023.
SF Calls For Action On NI Mental Health Services
Sinn Féin has called for more to be done to improve mental health services across the north of Ireland. The party's mental health spokesperson, MLA Órlaithí Flynn, made the call after the release of the Registrar General's 2023 Annual Report which has highlighted an increase in deaths by suicide in 2023.
15 November 2024
New Food Strategy Aims To Make NI A World Leader In Sustainable Food
Northern Ireland's first Food Strategy Framework was launched today by DAERA Minister Andrew Muir. The strategy, titled "Food at the heart of our society - A prospectus for change," aims to position Northern Ireland as a world leader in sustainable, healthy, and nutritious food.
New Food Strategy Aims To Make NI A World Leader In Sustainable Food
Northern Ireland's first Food Strategy Framework was launched today by DAERA Minister Andrew Muir. The strategy, titled "Food at the heart of our society - A prospectus for change," aims to position Northern Ireland as a world leader in sustainable, healthy, and nutritious food.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.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.
