Major blow for households as Power NI hikes electricity prices by 27.5 per cent

Northern Ireland’s largest energy supplier, Power NI, is set to raise prices once again.

By PA Reporter
Friday, 20th May 2022, 11:00 am

The company has announced it will increase its electricity tariff by 27.5% from 1 July 2022, impacting over 461,000 households.

The tariff change - the second this year - has been approved by the Utility Regulator and applies to domestic customers only.

In a statement, the Consumer Council said that a typical Power NI customer with a credit meter will see their bill rise by around £204 per year, while customers with a prepayment meter will see a yearly increase of about £199.

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Power NI is set to increase its electricity tariff by 27.5% from 1 July 2022, impacting over 461,000 households

Power NI said “the change is entirely due to the sustained unparalleled price increases witnessed in the wholesale energy markets, which have been impacted by ongoing global issues”.

William Steele, Director, Power NI Customer Solutions, said: “We work hard to keep our prices as low as possible and have absorbed costs for as long as we can.

“Regrettably, geopolitical factors outside our control, have resulted in prolonged high costs in the international wholesale energy markets. Like other suppliers we have no choice but to pay these increased costs, which feed into the price of wholesale electricity and have a knock-on effect on tariffs.”

Raymond Gormley, Head of Energy Policy at the Consumer Council said: “This is Power NI’s second tariff increase this year and its biggest since October 2008. It will impact more than half Northern Ireland’s households, many of whom are already upset, worried, and angry about energy price increases.

“While consumers get that price increases are happening due to global reasons, that knowledge does not help when it comes to paying their bills.

“With 53% of prepayment electricity consumers telling us they have had to cut back on food purchases to be able to afford a top up, many households are going to need significant financial support in the coming winter.

“At a minimum, this support should include re-running the Department for Communities Energy Payment Support Scheme for a wider group of people and re-establishing the Emergency Fuel Payment Scheme that the Consumer Council worked hard to get off the ground in partnership with the Department, energy companies and Bryson Charitable Group.

“We urge anyone who is struggling to pay their energy bills or to top-up their meter, to contact their supplier directly for help and support.”

Consumers can get in touch with the Consumer Council for free independent advice by calling FREEPHONE 0800 121 6022 or by emailing [email protected]