12/02/2015

Power NI To Cut Prices By 9.2%

Power NI has announced it will cut its prices by 9.2% from 01 April.

The company is Northern Ireland's largest electricity supplier, supplying more than 500,000 homes and 37,000 businesses in the region.

The price reduction will see the average household bill reduced by approximately £50 a year, and almost £200 a year for small businesses.

The company is introducing the price cut due to a decrease in wholesale gas prices.

The move follows a similar cut by smaller NI electricity supplier Budget Energy.

(MH/JP)

Related Northern Ireland News Stories
Click here for the latest headlines.

16 August 2018
Electricity Prices To Rise On 01 October
Power NI is to increase its electricity prices by 13.8 %. This is the firms biggest price rise in 5 years. The price increase will come into effect on 01 October 2018. Stephen McCully, Managing Director of Power NI, said: "Putting our prices up is the last thing we want to do, but unfortunately we are at the mercy of fluctuating world fuel prices.
25 September 2003
Minister announces £30m electricity initiative
Enterprise Minister, Ian Pearson has announced plans to invest £30 million in a new initiative aimed at reducing electricity bills for Northern Ireland's businesses. It is hoped that the funding, which is part of a draft budget, will help businesses save 10% on their electricity bills.
05 March 2015
Energy Firm To Cut Prices In 'Selected' Parts Of NI
Gas supply firm, Firmus Energy, has announced it will cut prices by up to 6.38% for customers living in the greater Belfast area, however prices will remain the same for consumers living outside the city. The announcement follows a recent review of prices in the greater Belfast area.
12 February 2016
Power NI To Cut Prices By 10.3%
Energy firm Power NI is to cut its prices by 10.3% from 01 April. Electricity bills are to reduce by more than £50 a year on average for the 528,000 Power NI supplied homes and by around £200 for the 31,000 regulated business customers supplied.
25 August 2011
Shock Rise In Electricity Bills Condemned
Independent shopkeepers are angry about a 'shock' rise in the cost of electricity. The NI Independent Retail Trade Association (NIIRTA) has expressed major concern about the announcement by Power NI [formerly NIE] of a 20% electricity hike for both domestic and small business customers. Power NI said on Thursday that the 18.