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Even though Power NI has announced today that it is reducing its residential unit price by 16.25%, an announcement yesterday by the Chancellor in the March Budget that the UK Government's Energy Price Guarantee Scheme support will reduce by 10.33p per unit effectively means that electric prices for households will rise by over 16%!
The price rise is due to come in on 1 April and is one of many rising prices faced by consumers in recent weeks.
Speaking about the increase William Steele, Director, Power NI Customer Solutions, said “A decrease in wholesale energy prices has enabled Power NI to again reduce its underlying unit price. However, the recent change by the UK Government to its Energy Price Guarantee means that a lower level of scheme discount will be applied to all electricity bills. Unfortunately, this means customers will see a 14% increase in prices.
Steele continued “We understand that some customers may be worried about paying bills. We would ask for any concerned customers to contact us directly and we will help you.
“As well as working directly with customers, we will continue to work closely with our charity partners and other key stakeholders, to ensure the most vulnerable in our society and those who are struggling get the help they need.”
Power NI is working with customers and charity partners that are impacted by increasing costs, with financial support to around 65 charity partners and community groups across Northern Ireland. That help has taken the form of Keypad top ups; aid to food banks and help for older people.
Details of all help can be found at www.powerni.co.uk
