Menu
29/03/2012
Price Control Of Phoenix Gas Referred To CC
Following the rejection of the Utility Regulator’s price control determination and proposed licence modifications by Phoenix Natural Gas Ltd (PNGL) on 6 February, the Utility Regulator have referred the PNGL price control licence conditions to the Competition Commission.
The Competition Commission will assess whether the PNGL price control licence conditions operate against the public interest and is expected to report within six months.
The Ultility Regulators price control determination would lead to lower business and domestic consumer prices. For larger business consumers this would mean an estimated ongoing annual saving of tens of thousands of pounds on gas bills. The decision would also mean that, for the average domestic consumer, there would be a £10 per annum saving on gas bills. Had the Utilty Regulator accepted the PNGL proposals, domestic consumer bills would have been £25 higher per year.
(CD/GK)
The Competition Commission will assess whether the PNGL price control licence conditions operate against the public interest and is expected to report within six months.
The Ultility Regulators price control determination would lead to lower business and domestic consumer prices. For larger business consumers this would mean an estimated ongoing annual saving of tens of thousands of pounds on gas bills. The decision would also mean that, for the average domestic consumer, there would be a £10 per annum saving on gas bills. Had the Utilty Regulator accepted the PNGL proposals, domestic consumer bills would have been £25 higher per year.
(CD/GK)
Related Northern Ireland News Stories
Click here for the latest headlines.
26 March 2024
Consumer Council Gives 'Top Tips' To Help Address Food Waste
The Consumer Council has outlined a number of 'top tips' to help address food waste, as the cost of a weekly grocery shop continues to remain so high. The Consumer Council said that at times it seems unavoidable that food goes-off before we get the chance to eat it. There are quite a few myths about storing food properly.
Consumer Council Gives 'Top Tips' To Help Address Food Waste
The Consumer Council has outlined a number of 'top tips' to help address food waste, as the cost of a weekly grocery shop continues to remain so high. The Consumer Council said that at times it seems unavoidable that food goes-off before we get the chance to eat it. There are quite a few myths about storing food properly.
18 April 2024
90% Of NI Consumers Concerned About Rising Cost Of Basics
90% of consumers in Northern Ireland are concerned about the rising cost of basics, according to new research from the Consumer Council. Basics refer to the everyday living essentials such as housing, energy, food, transport and telephone/mobile and broadband costs.
90% Of NI Consumers Concerned About Rising Cost Of Basics
90% of consumers in Northern Ireland are concerned about the rising cost of basics, according to new research from the Consumer Council. Basics refer to the everyday living essentials such as housing, energy, food, transport and telephone/mobile and broadband costs.
25 March 2024
Easter Travellers Urged To 'Plan Ahead For Smoother Travel
Ahead of the Easter weekend, the Consumer Council has urged those travelling over the break to "plan ahead for smoother travel". Richard Williams, Head of Transport Policy emphasised the importance of making a travel checklist to save you time and money.
Easter Travellers Urged To 'Plan Ahead For Smoother Travel
Ahead of the Easter weekend, the Consumer Council has urged those travelling over the break to "plan ahead for smoother travel". Richard Williams, Head of Transport Policy emphasised the importance of making a travel checklist to save you time and money.
12 March 2024
NI Households Left With Less Than £32 Per Week After Essentials
Discretionary income has fallen by over half since 2021 for Northern Ireland's lowest earning households, leaving them with only £31.31 per week on average, according to the Consumer Council.
NI Households Left With Less Than £32 Per Week After Essentials
Discretionary income has fallen by over half since 2021 for Northern Ireland's lowest earning households, leaving them with only £31.31 per week on average, according to the Consumer Council.
04 April 2024
Homes And Businesses To Receive Rates Bills From 05 April
The Department of Finance (DoF) has announced that homes and businesses will begin receiving their rates bills from Friday, 05 April. The bill will set out the amount due for 2024/25, details of any rate relief which has been applied to your account and also any arrears from previous years that have not been paid.
Homes And Businesses To Receive Rates Bills From 05 April
The Department of Finance (DoF) has announced that homes and businesses will begin receiving their rates bills from Friday, 05 April. The bill will set out the amount due for 2024/25, details of any rate relief which has been applied to your account and also any arrears from previous years that have not been paid.
-
Northern Ireland WeatherToday:A few fog patches at first, soon clearing to leave a dry day with some patchy cloud and good sunny spells. Light and variable winds. Feeling mild in sunny spells. Maximum temperature 14 °C.Tonight:Dry and quite chilly overnight under prolonged clear spells and light winds. This will allow a few fog patches to develop in places. Minimum temperature 2 °C.
