Menu
22/09/2005
Phoenix to raise gas prices by nearly 30%
Leading energy provider Phoenix Natural Gas has confirmed it is to raise its prices by nearly 30% from the start of October.
The firm blamed the 29.9% rise, which will begin on October 1, on high world energy prices.
Chief Executive Peter Dixon said: “Phoenix like all energy companies across the UK and Ireland are experiencing unprecedented high wholesale gas costs. For instance the cost for us to purchase gas in the next six months is £20m more than this time last year. And it is the cost to purchase gas that has led us to make this increase to the gas tariff from 1st October.
“We understand that this increase puts additional financial pressure on some customers and we want to encourage all of our customers to make sure they are being as energy efficient as possible, so no one spends more than they have to heating their homes."
Energy regulator Ofreg said that while today's announcement would affect all gas consumers in Northern Ireland, the present market was "a very high and volatile" place.
"We are content that the price they are now paying for gas is the price they are being forced to pay at the market," an Ofreg spokesperson said. "They have renegotiated that contract with Centrica and we are happy that is what is being delivered through to Northern Ireland customers."
(MB/SP)
The firm blamed the 29.9% rise, which will begin on October 1, on high world energy prices.
Chief Executive Peter Dixon said: “Phoenix like all energy companies across the UK and Ireland are experiencing unprecedented high wholesale gas costs. For instance the cost for us to purchase gas in the next six months is £20m more than this time last year. And it is the cost to purchase gas that has led us to make this increase to the gas tariff from 1st October.
“We understand that this increase puts additional financial pressure on some customers and we want to encourage all of our customers to make sure they are being as energy efficient as possible, so no one spends more than they have to heating their homes."
Energy regulator Ofreg said that while today's announcement would affect all gas consumers in Northern Ireland, the present market was "a very high and volatile" place.
"We are content that the price they are now paying for gas is the price they are being forced to pay at the market," an Ofreg spokesperson said. "They have renegotiated that contract with Centrica and we are happy that is what is being delivered through to Northern Ireland customers."
(MB/SP)
Related Northern Ireland News Stories
Click here for the latest headlines.
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.
25 November 2024
Other News In Brief
DfC Launch Public Consultation On Gender Pay Gap A consultation on proposed changes to Section 19 of the Employment Act (Northern Ireland) relating to the requirements for employers to publish information on the pay of male and female employees has been launched by the Department for Communities.
Other News In Brief
DfC Launch Public Consultation On Gender Pay Gap A consultation on proposed changes to Section 19 of the Employment Act (Northern Ireland) relating to the requirements for employers to publish information on the pay of male and female employees has been launched by the Department for Communities.
22 November 2024
Mobile Gaming Trends in Northern Ireland
Mobile gaming has become an integral part of the entertainment landscape in Northern Ireland, encompassing everything from sports betting and online gambling to video games. As technology advances, particularly with the advent of 5G, the mobile gaming sector is poised for significant growth and transformation.
Mobile Gaming Trends in Northern Ireland
Mobile gaming has become an integral part of the entertainment landscape in Northern Ireland, encompassing everything from sports betting and online gambling to video games. As technology advances, particularly with the advent of 5G, the mobile gaming sector is poised for significant growth and transformation.
21 November 2024
UK Education Ministers Meet In Northern Ireland
Northern Ireland hosted the fifth UK Education Ministers' Council (EMC) meeting at Laurelhill Community College in Lisburn.
UK Education Ministers Meet In Northern Ireland
Northern Ireland hosted the fifth UK Education Ministers' Council (EMC) meeting at Laurelhill Community College in Lisburn.
20 November 2024
Other News In Brief
Alliance Calls For 'Immediate And Decisive' Action On Child Hunger The Alliance Party has called for "immediate and decisive" action to address the growing crisis of child hunger in Northern Ireland.
Other News In Brief
Alliance Calls For 'Immediate And Decisive' Action On Child Hunger The Alliance Party has called for "immediate and decisive" action to address the growing crisis of child hunger in Northern Ireland.
-
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.
