27/02/2004

Electricity prices set to rise in Northern Ireland

Electricity prices in Northern Ireland are set to rise by almost 3%, it was announced today.

NIE said the increase was necessary due to a rise in power station fuel costs.

The price rise will see 16.5p per week or £8.60 a year added onto the average customers bill.

NIE spokesperson Robin Greer said the rise was being driven by the escalating cost of the fuel used in Northern Ireland power stations, which has increased by approximately 12% in the last year.

However, he said NIE's tariff increase was both in line with inflation and below recent much higher increases in electricity and gas prices to domestic customers in other parts of the UK and Ireland.

The change will apply to domestic electricity bills from 1 April.

(MB)

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