Northern Ireland electricity

eithnemc

As Power NI have increased their charges by 22% is there any other provider I should change to and will they lock your tariff charges for a year or will other providers be able to hike prices up whenever they want?

markin

If you dont have a fixed deal the is not a lot you can do.

Power NI to raise electricity prices by 21.4%

"The drivers behind this increase are that we have had one of the least windy summers since 1961, meaning generation from cheaper wind power has been very low," he said.

"This low output from wind has meant that there has been an increased use of conventional gas, coal, and oil fired power stations."

"Mr French said market analysts were predicting higher wholesale prices "for the next 18 to 36 months".

"If wholesale prices begin to reduce, our system of regulation in Northern Ireland allows us to act to make sure that reductions are fully passed onto consumers as quickly as possible."

https://www.bbc.com/news/uk-northern-ireland-59320063

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"There are only two gas suppliers in Northern Ireland, which is why the Utility Regulator has to agree any price increase before it is passed on to customers.

The regulator caps suppliers' profits at 2%."

Firmus Energy gas prices rise by further 38% in NI towns

https://www.bbc.com/news/uk-northern-ireland-59233950