Consumer Council Welcomes Power NI 10.3% tariff reduction

in Business, Consumer Skills, Cost of Living, Energy

The Consumer Council has welcomed Power NI’s 10.3% tariff reduction. The Consumer Council’s Head of Energy, Richard Williams said: “This is good news for Power NI customers. Domestic consumers will see prices reduce by around £54 per year and £200 for regulated business customers.

“Power NI has been able to adjust their tariffs due to reductions in the wholesale cost of electricity. The Consumer Council would now like to see the other five domestic electricity suppliers in NI follow suit, and at least reflect this reduction within their own prices,” said Richard.

Richard concluded: “We strongly encourage all consumers to visit our website to see how they can get the best energy deal. Our price comparison chart shows consumers how they can save money by changing their supplier, or even just their payment method.”

Power NI’s new tariffs will be in place from 1 April 2016.

ENDS

Notes to Editor
1. The Consumer Council website www.consumercouncil.org.uk/energy provides a range of tools to empower consumers to get the best deal for their energy.
2. Power NI’s domestic tariffs will decrease by 10.3%. This covers all Power NI domestic tariffs, including customers on credit meters, keypad meters, and Economy 7.
3. 528,000 Power NI domestic customers, 24,000 small businesses and 6,500 farm customers will benefit from the tariff reduction.
4. The average Power NI domestic annual bill for a credit meter customer will be £470, a decrease of £54 down from the current £524, based on a typical annual consumption of 3,200kWh.
5. The Consumer Council Northern Ireland Consumer Outlook Tracking research (October 2015) indicates one third of consumers worry about their home energy bills.

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