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 Irish News Stories
Click here for the latest headlines.
27 January 2015
Airtricity Announce Domestic Bill Cuts
The Minister for Energy, Alex White, has welcomed an announcement by energy supplier Airtricity that it will reduce its domestic energy prices by by 6%. The price reduction will see gas bills reduced by 4% and electricity by 2% and follows a similar announcement by Bord Gais Energy last week.
Airtricity Announce Domestic Bill Cuts
The Minister for Energy, Alex White, has welcomed an announcement by energy supplier Airtricity that it will reduce its domestic energy prices by by 6%. The price reduction will see gas bills reduced by 4% and electricity by 2% and follows a similar announcement by Bord Gais Energy last week.
06 July 2018
An Garda Síochána Saves Over €9m In Energy Costs
An Garda Síochána has saved more than €9 million in energy costs after becoming the first police force in the world to achieve the globally recognised international energy management standard (ISO 50001).
An Garda Síochána Saves Over €9m In Energy Costs
An Garda Síochána has saved more than €9 million in energy costs after becoming the first police force in the world to achieve the globally recognised international energy management standard (ISO 50001).
13 January 2011
Carnegie To Explore Marine Energy Potential
Australian renewables developer Carnegie Wave Energy has agreed a deal with the Irish Government to explore potential sites for marine energy installations around the country's coastline.
Carnegie To Explore Marine Energy Potential
Australian renewables developer Carnegie Wave Energy has agreed a deal with the Irish Government to explore potential sites for marine energy installations around the country's coastline.
15 April 2019
IEA Publish Review Of Ireland's Energy Policies
A review of Ireland's Energy Policies that acknowledges significant change and progress in recent years has today been published by the International Energy Agency (IEA). The study revealed that Ireland now has the third highest share of wind generated electricity among all 30 countries in the IEA.
IEA Publish Review Of Ireland's Energy Policies
A review of Ireland's Energy Policies that acknowledges significant change and progress in recent years has today been published by the International Energy Agency (IEA). The study revealed that Ireland now has the third highest share of wind generated electricity among all 30 countries in the IEA.
13 April 2018
Irish Carbon Emissions Almost 60% Above EU Average - Report
A new report has revealed that carbon emissions in Ireland are among the highest in Europe, with Ireland beating the European average by 58%. According to the report, published by the Sustainable Energy Authority of Ireland (SEAI), the increase is due to the greater use of high-carbon fuels including oil, coal and peat.
Irish Carbon Emissions Almost 60% Above EU Average - Report
A new report has revealed that carbon emissions in Ireland are among the highest in Europe, with Ireland beating the European average by 58%. According to the report, published by the Sustainable Energy Authority of Ireland (SEAI), the increase is due to the greater use of high-carbon fuels including oil, coal and peat.
-
Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.
