Electricity price increase, am I being thick?

garygumps

I live in Northern Ireland and am an Airtricity Electricity customer.

Recently I was informed that due to wholesale market blah, blah blah prices have to increase.

I know all electricity providers are increasing prices and accept this, the problem I have is the maths.

My letter informed me prices were increasing 18.6%

My old unit price was 12.31p. A 18.6% rise by my reckoning would take the unit price to 14.60p.

My latest bill has the unit price at 15.95p per unit. I work this out as roughly 29.5% increase.

Before I query this with Airtricity, I was just wondering what the MSE community thought.

Am I missing something here?

notbritishgas

If Northern Ireland is regulated in the same way as the rest of the UK then the advertised price rise is that for the average customer on their standard tariff.

The average customer is defined as one using 16500 kwh gas and 3200 kwh electric (give or take the odd kwh!).

This gives them freedom to vary the % rise for all of the other tariffs.