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15/07/2008
Shock Rise In Irish Electricity Prices
Although delayed in NI, consumers acorss the Irish border are definitely facing a major increase in electricity bills from the autumn, according to the Chairman of the ESB.
Due to higher oil and gas costs, which is effecting energy costs globally, the Electricity Supply Board has applied to the energy regulator for price increases, but has not yet said how much of a rise it wants.
Although early indications suggest the ESB will push to stay in line with Britain, where power companies are increasing prices by 30%.
The company has said however it is prepared to make a €300m contribution to offset the price increases, which would take 8% to 10% off bills. Depending on what the regulator decides, prices could go up by about 20% this autumn.
The ESB has come under increased competition in recent years because of competition and deregulation policy.
In Northern Ireland, just a few months ago, a widely expected jump in the price of electricity was delayed due to ongoing discussions.
This followed news that coal prices are to rise by a quarter, compounding inflated natural gas, oil and food costs.
The stay of execution at Northern Ireland Electricity (NIE) was partly because the General Consumers' Council is fighting for "every penny of possible savings" before an expected 15% rise is brought in by NIE
See: Discussion Sparks Delay In Price Rise
(BMcC)
Due to higher oil and gas costs, which is effecting energy costs globally, the Electricity Supply Board has applied to the energy regulator for price increases, but has not yet said how much of a rise it wants.
Although early indications suggest the ESB will push to stay in line with Britain, where power companies are increasing prices by 30%.
The company has said however it is prepared to make a €300m contribution to offset the price increases, which would take 8% to 10% off bills. Depending on what the regulator decides, prices could go up by about 20% this autumn.
The ESB has come under increased competition in recent years because of competition and deregulation policy.
In Northern Ireland, just a few months ago, a widely expected jump in the price of electricity was delayed due to ongoing discussions.
This followed news that coal prices are to rise by a quarter, compounding inflated natural gas, oil and food costs.
The stay of execution at Northern Ireland Electricity (NIE) was partly because the General Consumers' Council is fighting for "every penny of possible savings" before an expected 15% rise is brought in by NIE
See: Discussion Sparks Delay In Price Rise
(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.
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.
30 August 2019
Household Electricity Prices Set To Rise
Bill payers in Northern Ireland will be tightening their purse strings later this year as energy prices continue to rise. SSE Airtricity, the region's second largest electricity provider, is to increase its domestic rate by 6.9%.
Household Electricity Prices Set To Rise
Bill payers in Northern Ireland will be tightening their purse strings later this year as energy prices continue to rise. SSE Airtricity, the region's second largest electricity provider, is to increase its domestic rate by 6.9%.
27 February 2004
Electricity prices set to rise in Northern Ireland
Electricity prices in Northern Ireland are set to rise by almost 3%, it was announced today. NIE said the increase was necessary due to a rise in power station fuel costs. The price rise will see 16.5p per week or £8.60 a year added onto the average customers bill.
Electricity prices set to rise in Northern Ireland
Electricity prices in Northern Ireland are set to rise by almost 3%, it was announced today. NIE said the increase was necessary due to a rise in power station fuel costs. The price rise will see 16.5p per week or £8.60 a year added onto the average customers bill.
26 March 2013
NI Manufacturers' Electricity Bills Among Highest In Europe
Large manufacturers and businesses in Northern Ireland pay among the highest electricity bills in Europe. The news came as the Utility Regulator published a report which, for the first time, provides a comparison of electricity prices in Northern Ireland with the rest of Europe.
NI Manufacturers' Electricity Bills Among Highest In Europe
Large manufacturers and businesses in Northern Ireland pay among the highest electricity bills in Europe. The news came as the Utility Regulator published a report which, for the first time, provides a comparison of electricity prices in Northern Ireland with the rest of Europe.
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Northern Ireland WeatherToday:A cloudy day with a little light rain or drizzle at times, but some spells of drier weather too. The north coast may become somewhat brighter later this afternoon. Maximum temperature 11 °C.Tonight:Cloudy and patchy light rain will slowly clear away this evening. Then the rest of the night will be dry with broken cloud. Westerly winds freshening in the early hours. Minimum temperature 6 °C.
