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16/08/2018
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. Gas, the main fuel used to generate electricity here, has increased significantly by 30% since we last set our prices.
"We've worked through a rigorous process with the Utility Regulator and our customers can be sure that although unwelcome, this increase is as low as possible and our prices are still cheaper than they were five years ago."
(CD/MH)
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. Gas, the main fuel used to generate electricity here, has increased significantly by 30% since we last set our prices.
"We've worked through a rigorous process with the Utility Regulator and our customers can be sure that although unwelcome, this increase is as low as possible and our prices are still cheaper than they were five years ago."
(CD/MH)
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