10/02/2015

Budget Energy Becomes First NI Firm To Cut Prices

Budget Energy has announced a 5% price cut for customers, making it the first in Northern Ireland to do so.

The Consumer Council said the L'Derry-based electricity company's price cuts would amount to a £32 saving per year for its 60,000 customers.

The news follows a drop in the price of a barrel of oil from around $115 to a recent low of below $50.

A spokesperson for Budget Energy said: "Budget Energy is pleased to announce that due to recent cost savings in the business, we are happy to pass on savings to our existing and new domestic customer customers of 5% from March 10 2015.

"We strive as a company to drive our business forward on what we know the Northern Irish electricity consumer wants - value for money and a top-class customer service, a fair price and the highest level of customer support."

(IT/MH)

Related Northern Ireland News Stories
Click here for the latest headlines.

04 April 2024
Major Tourism Conference Announced For Belfast
Tourism Northern Ireland has announced that it will host a major conference in Belfast to help businesses in the tourism and hospitality sector in Northern Ireland prosper and grow. The Tourism Conference 2024 has been described as an opportunity to hear from a number of inspiring and interactive expert speakers and listen to panel discussions.
01 March 2024
Power NI Announces New 6.3% Price Decrease
Power NI has announced a new 6.3% decrease in its residential unit price, following a fall in wholesale market costs. This is the fourth consecutive decrease for the supplier and will take effect from 1 April 2024, meaning that customers on average will make further savings of £64 per year.
15 February 2024
Geothermal Energy Roadshow To Visit Towns Across NI
An interactive mobile discovery centre designed to help visitors 'unearth the heat beneath their feet' is set to visit towns across Northern Ireland as part of a geothermal energy information roadshow.
21 April 2009
Tesco 'Missing Out' On Cross-Border Shoppers
Tesco - while making £billions in the UK - is having a harder time in the Republic of Ireland. According to an internal memo obtained by a grocery trade journal, Tesco is being forced to cut prices in the Republic, and the supermarket giant is concerned that like-for-like sales are "well below expectations".
12 April 2024
Electric Ireland Announces 15% Price Decrease
Electric Ireland has announced a price decrease of 15% for their domestic electricity customers. This decrease will be effective from 4 June 2024 and will see around £206 savings for a typical customer with a standard rate credit meter and a standard rate keypad meter.