Cost of living: Power NI electricity bills to FALL by 10%
The average customer is set to save nearly £100
Power NI has announced a decrease in prices from 1 November 2022 in line with the Energy Price Guarantee (EPG) bill support, provided by the UK Government.
The tariff change follows a review process with the Utility Regulator which concluded that a tariff increase was necessary but with the introduction of the Energy Price Guarantee scheme, which will apply a discount, this means that Power NI customers will see a 10% reduction in their bills from 1st November.
This will mean a saving of nearly £100 for the average customer.
William Steele, Director, Power NI Customer Solutions, said:
“As many customers will already be aware, the UK Government has announced a major intervention into the energy market called the Energy Price Guarantee (EPG). This means that from 1 November 2022, energy bill support will be provided to Northern Ireland residential customers, by reducing the underlying cost of electricity.
“We work hard to keep our prices as low as possible and in these challenging times, despite continued upward pressure on energy prices we have not increased our unit rate for residential customers since July 2022.”
“Although we now must substantially increase our underlying price to reflect the current market, the implementation of the EPG will mean our customers will see a reduction in their billed tariff level of 10%.”
“Further support has also been announced for residential customers and we are working with the UK Government and Northern Ireland Utility Regulator to apply the Energy Bill Support Scheme (EBSS) £400 credit to our customers’ electricity accounts as soon as possible.”
“We value all our customers, and we remain committed to helping those who are being impacted by the cumulative rise in the cost of living and I would ask, for any customers who are worried about paying a bill, please get in contact and we will help you.
“As well as working directly with customers, we will continue to work closely with our charity partners and government, assisting in helping the most vulnerable in our society and those who are struggling.”
"Power NI helps customers to save money through a range of discounted payment schemes and services. Bill paying customers can save 6%, up to £60 a year through online billing and monthly direct debit. Pay as you go Keypad customers get uncapped discounts, as well as free electricity when topping up £50 or more using the free Power NI app or via the website. Power NI customers can top up from the comfort of their own home, with our free app, online or by calling our self-service 24/7 telephone service on 03457 455 455. Details of all help can be found at powerni.co.uk/energy-bill-support."