SSE Airtricity and Budget Energy announces second price increase in six months
The two companies announced their first electricity price increases in October 2021.
Last updated 29th Apr 2022
SSE Airtricity, Northern Ireland’s second largest electricity supplier, and Budget Energy, Northern Ireland’s fourth largest electricity supplier have announced price increases for their residential customers. These increases will effect three in ten households, around 248,000 domestic customers.
SSE Airtricity is set to increase prices by 33%, effective 1 June 2022.
Budget Energy is set to increase prices by 27% from Friday 27 May 2022.
The two companies announced electricity price increases in October 2021, meaning this increase is the second in 6 months.
SSE Airtricity’s Standard tariff for both credit meter and keypad (PAYG) meter customers will increase by £248 to just over £1,000 a year. Budget Energy’s typical customer with a credit meter will see their bill rise by around £280 per year, while customers with a keypad (PAYG) meter will see a yearly increase of about £275 per year.
Peter McClenaghan, Director of Infrastructure and Sustainability at the Consumer Council, said: “These price increases are the latest in a stream of bad news regarding the increasing cost of living in Northern Ireland. At the Consumer Council we listen to consumers daily and hear first-hand how upset, worried, and angry they are about price increases. While consumers get that these price increases are happening due global reasons, it doesn’t make it any easier for people to pay their bills, particularly those in vulnerable circumstances.
If you are struggling to pay your bills, the first thing to do is contact your supplier directly for help and information. There are measures that can be put in place to help you. Unfortunately, prices are set to stay high for the foreseeable future so the Consumer Council will continue to push for significantly improved initiatives to help consumers who are experiencing payment difficulties.”