NI energy provider announces price hike at the beginning of next month

The increase will take place on October 1

Power NI has announced that it will be increasing its domestic electricity rates by 4% at the start of October.

The energy supplier has announced that from October 1, it will be increasing its residential unit price which will see households pay around 11p more per day for their electricity.

It has said that it has made the move due to “increases in market operation and network related charges” and that it has been approved by the Utility Regulator.

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William Steele, Director of Power NI Customer Solutions, said: “We work hard to keep our prices as low as possible. Even though we have seen wholesale energy prices stabilise, they remain higher than previous years. Unfortunately, rising regulated pass-through market and network related costs which are beyond our control, have made a tariff adjustment unavoidable.

“We know this is unwelcome news; however, these additional costs have required the change. We have delayed for as long as possible, while still being able to ensure that our tariffs remain competitive locally and below the equivalent GB and RoI average.”

Power NI has said customers can help reduce the impact of this tariff increase by ensuring they are on the best payment plan for their needs. This includes choosing options like paying by Direct Debit and registering for online billing which include extra discount.

William Steele continues: “We value our customers, and we are continuing to work closely with our charity partners and other organisations across our local communities to provide support to those in need. We have a range of assistance available, from tailored tariff guidance to energy-saving advice and account support, so if you’re concerned about managing your bills, please reach out to us – we’re here to help.”

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