It will impact around 105,000 customers
Northern Ireland’s third largest electricity supplier has announced a 9.5% increase to their electricity tariffs.
Budget Energy’s price rise will come into effect on August 4, and will add around £122 a year to the annual bill of a typical credit customer and around £121 a year to the average standard-rate keypad customer.
This will impact around 105,000 customers across Northern Ireland, bringing the annual electricity bill for a typical credit customer on a standard tariff to around £1,403 and a typical keypad customer on a standard tariff to around £1,390.
Raymond Gormley, Head of Energy Policy at the Consumer Council, said: “From 4 August, approximately 105,000 Budget Energy BillPay and keypad domestic customers on variable tariffs in Northern Ireland will see their annual electricity costs increase, bringing the average annual electricity bill for a typical credit customer on a standard tariff to around £1,403 and a typical keypad customer on a standard tariff to around £1,390.
“While this is disappointing for households, the rise reflects the recent increase in energy wholesale costs. Those Budget Energy customers on a fixed price deal will not be impacted and will continue to pay their existing agreed rates for the duration of their contract.
“Any Budget Energy customers who are struggling to pay their electricity bills or top up their keypad meter should contact their supplier without delay to get advice and support.”
Raymond added: “All five electricity suppliers have now either increased their tariffs or have announced that they are doing so. We would encourage consumers to think about the way they pay for their energy and see if they can reduce their energy costs.
“Being on a standard tariff and paying on receipt of a bill is the most expensive way to pay for your electricity. Switching payment methods, changing billing method or even switching supplier may save you money.”
The Consumer Council’s website has a free independent energy price comparison tool which empowers consumers to compare all electricity and gas tariffs across Northern Ireland in one place: Electricity Price Comparison Tool
For consumers who do not have internet access or would like additional support on checking energy tariffs, call the Consumer Council team on 0800 121 6022. You can also contact the team via email: contact@consumercouncil.org.uk.
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