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02/05/2008
NIE Prices Powering Up
The rapidly escalating cost of oil on the world market - roughly twice what it was a year ago - and a range of other market issues has led to the latest price hike for consumers.
Northern Ireland Electricity (NIE) is now due to announce a hike in its charges.
The increase - in about a fortnight's time - comes on the heels of a price rise imposed by Phoenix Gas on its customers.
NI's energy regulator, Iain Osborne, has already said he expects the cost of power to go up by as much as 30% by the end of 2008.
NIE has already confirmed that it is to meet the energy regulator on Friday to review tariffs for both domestic and business users.
Sharp increases in wholesale prices of oil, gas and coal are being blamed for the anticipated increase.
NIE has not said how much of an increase it is seeking, however, electricity bills in the rest of the UK have risen by an average of 14% since the start of the year.
It is thought that customers are likely to face an increase of around of 15% in the short term.
(BMcC)
Northern Ireland Electricity (NIE) is now due to announce a hike in its charges.
The increase - in about a fortnight's time - comes on the heels of a price rise imposed by Phoenix Gas on its customers.
NI's energy regulator, Iain Osborne, has already said he expects the cost of power to go up by as much as 30% by the end of 2008.
NIE has already confirmed that it is to meet the energy regulator on Friday to review tariffs for both domestic and business users.
Sharp increases in wholesale prices of oil, gas and coal are being blamed for the anticipated increase.
NIE has not said how much of an increase it is seeking, however, electricity bills in the rest of the UK have risen by an average of 14% since the start of the year.
It is thought that customers are likely to face an increase of around of 15% in the short term.
(BMcC)
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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.
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.
07 January 2002
NIE claim competition is key to lower electricity prices
Lower electricity prices in Northern Ireland will only become a reality in the long run if competition is allowed to grow. This is according to Northern Ireland Electricity (NIE) in response to Ofreg's recent paper on the Regulatory Review of the company's network and assets.
NIE claim competition is key to lower electricity prices
Lower electricity prices in Northern Ireland will only become a reality in the long run if competition is allowed to grow. This is according to Northern Ireland Electricity (NIE) in response to Ofreg's recent paper on the Regulatory Review of the company's network and assets.
22 May 2013
NI Electricity Bills To Rise By 18%
Electricity bills in Northern Ireland are to rise by 18% from 1 July. Power NI said the increase is due to the rising wholesale costs. The latest price hike means the average domestic bill will increase by around £90 a year. Small businesses and farmers also face an 18% hike. The increase will add an extra £1.
NI Electricity Bills To Rise By 18%
Electricity bills in Northern Ireland are to rise by 18% from 1 July. Power NI said the increase is due to the rising wholesale costs. The latest price hike means the average domestic bill will increase by around £90 a year. Small businesses and farmers also face an 18% hike. The increase will add an extra £1.
28 May 2008
'Powerful Shock' From NIE
A 'shock' increase in the price of power has left consumers 'feeling the heat' after confirmation that electricity prices are to rise by 14%. Northern Ireland Electricity (NIE) confirmed today that the price increase would be implemented from July 1 while the company also warned a further price hike could be imminent in the autumn.
'Powerful Shock' From NIE
A 'shock' increase in the price of power has left consumers 'feeling the heat' after confirmation that electricity prices are to rise by 14%. Northern Ireland Electricity (NIE) confirmed today that the price increase would be implemented from July 1 while the company also warned a further price hike could be imminent in the autumn.
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.
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.
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Northern Ireland WeatherThis Evening and Tonight:Largely dry with clear spells at first, a few showers in the north and west. Becoming cloudier with rain spreading east through the early hours. Becoming windy, westerly gales developing along the north coast. Minimum temperature 6 °C.
