Menu
29/03/2012
Price Control Of Phoenix Gas Referred To CC
Following the rejection of the Utility Regulator’s price control determination and proposed licence modifications by Phoenix Natural Gas Ltd (PNGL) on 6 February, the Utility Regulator have referred the PNGL price control licence conditions to the Competition Commission.
The Competition Commission will assess whether the PNGL price control licence conditions operate against the public interest and is expected to report within six months.
The Ultility Regulators price control determination would lead to lower business and domestic consumer prices. For larger business consumers this would mean an estimated ongoing annual saving of tens of thousands of pounds on gas bills. The decision would also mean that, for the average domestic consumer, there would be a £10 per annum saving on gas bills. Had the Utilty Regulator accepted the PNGL proposals, domestic consumer bills would have been £25 higher per year.
(CD/GK)
The Competition Commission will assess whether the PNGL price control licence conditions operate against the public interest and is expected to report within six months.
The Ultility Regulators price control determination would lead to lower business and domestic consumer prices. For larger business consumers this would mean an estimated ongoing annual saving of tens of thousands of pounds on gas bills. The decision would also mean that, for the average domestic consumer, there would be a £10 per annum saving on gas bills. Had the Utilty Regulator accepted the PNGL proposals, domestic consumer bills would have been £25 higher per year.
(CD/GK)
Related Northern Ireland News Stories
Click here for the latest headlines.
29 May 2014
120 Jobs Threatened At NIE
Around 120 workers at Northern Ireland Electricity are in danger of losing their jobs, after the power provider announced it was introducing a voluntary redundancy scheme. NIE said the move was part of cost-cutting measures within the company.
120 Jobs Threatened At NIE
Around 120 workers at Northern Ireland Electricity are in danger of losing their jobs, after the power provider announced it was introducing a voluntary redundancy scheme. NIE said the move was part of cost-cutting measures within the company.
06 April 2022
Latest Gas Price Hike 'Huge Blow' To Workers And Families - Sinn Féin
Sinn Féin have said the latest energy price hike announced by firmus energy is a "huge blow" to workers and families.
Latest Gas Price Hike 'Huge Blow' To Workers And Families - Sinn Féin
Sinn Féin have said the latest energy price hike announced by firmus energy is a "huge blow" to workers and families.
16 July 2004
Phoenix Gas price increase cancelled
Phoenix Natural Gas has today cancelled its proposed 20% consumer price rise, after reaching an agreement with its supplier Centrica. The hike was announced in March but was suspended following pressure from local politicians and government.
Phoenix Gas price increase cancelled
Phoenix Natural Gas has today cancelled its proposed 20% consumer price rise, after reaching an agreement with its supplier Centrica. The hike was announced in March but was suspended following pressure from local politicians and government.
03 April 2023
Energy Price Changes Advice Issued By Consumer Council
The Consumer Council has issued new advice for local consumers as energy price changes begin to come into effect. Electric Ireland, Power NI, Budget Energy and firmus energy have recently announced changes to their tariffs.
Energy Price Changes Advice Issued By Consumer Council
The Consumer Council has issued new advice for local consumers as energy price changes begin to come into effect. Electric Ireland, Power NI, Budget Energy and firmus energy have recently announced changes to their tariffs.
04 October 2022
'Disgrace' Households Have No Clarity Over Financial Support
The Alliance Party has said it is a "disgrace" households are still awaiting clarity about when they will receive financial support, despite energy price increases.
'Disgrace' Households Have No Clarity Over Financial Support
The Alliance Party has said it is a "disgrace" households are still awaiting clarity about when they will receive financial support, despite energy price increases.
-
Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
