Everything you need to know about summer energy price hikes

Need to know

Gas and electricity prices are due to rise again from July 1

Need to know: energy price hikes announced in Northern Ireland

• Two major energy suppliers in Northern Ireland have announced significant price increases from July 1, affecting hundreds of thousands of households across the region.
• Power NI will increase electricity rates by 6.2%, adding approximately £5 per month to bills for over 500,000 customers. Typical annual costs will rise to around £1,093 for credit customers and £1,065 for keypad users.
• Firmus energy has announced a steeper 15.65% gas price increase for its Ten Towns network customers. This will add around £132 annually to typical household bills, affecting approximately 76,000 domestic and small business customers.
• The increases are attributed to sustained global gas price rises and higher network charges, with Middle East tensions contributing to market volatility. William Steele from Power NI said: “We have worked hard to hold prices for as long as possible, but sustained increases in global gas costs, along with higher network and market related charges, means unfortunately this increase is unavoidable.”
• David Smith from firmus energy noted that despite the increase, customer bills will be “roughly the same as this time last year and still significantly below where they had been in previous years.”
• The Consumer Council advises struggling customers to contact their suppliers directly for support and assistance with energy bills.

READ THE FULL STORY: NI energy providers announce summer gas and electricity price hikes

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