20/05/2022

Power NI Announces 27.5% Price Hike

Power NI has today announced an increase in domestic prices of 27.5% from 1 July 2022, equivalent to £3.92 a week to a typical household electricity bill.

Power NI is the only price-controlled electricity supplier in Northern Ireland and the tariff change has been approved by the Utility Regulator.

Power NI said that the tariff change is "entirely due to the sustained unparalleled price increases witnessed in the wholesale energy markets, which have been impacted by ongoing global issues".
News Image
William Steele, Director, Power NI Customer Solutions, said: "We work hard to keep our prices as low as possible and have absorbed costs for as long as we can. Regrettably, geopolitical factors outside our control, have resulted in prolonged high costs in the international wholesale energy markets. Like other suppliers we have no choice but to pay these increased costs, which feed into the price of wholesale electricity and have a knock-on effect on tariffs.

"In these challenging times and with such a volatile market, we held off making this change for as long as possible, with this price change not coming into effect until July 2022. As soon as we see an opportunity to reduce prices, we will do so without delay. For any customers who are worried about paying a bill, please get in contact and we can help you.

"We value all our customers, and we remain committed to helping those who are being impacted by the cumulative rise in the cost of living. As well as working directly with customers, we will continue to work closely with our charity partners and government, assisting in helping those who are struggling. We have worked with government departments providing financial and operational support to help deliver the emergency response fund to the most vulnerable in our society and we are ready to continue to support any future schemes."

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

28 June 2022
Two New Healthcare Consultations Launched
Two new public consultation have been announced by the Health Minister, Robin Swann, to inform the development of policies on both Whistleblowing and on Violence and Aggression in the workplace.
16 June 2022
UK Finance Ministers Meet To Discuss Cost-Of-Living Crisis
Northern Ireland's Finance Minister Conor Murphy has met with his counterparts from across the UK to discuss how to support people and businesses "with soaring bills". The price of food, fuel, energy, clothes, travel costs and rent continue to go up as inflation rises.
06 November 2012
Sinn Féin Calls For Marian Price Release
Sinn Féin has called for the release of convicted bomber Marian Price. President Gerry Adams and Deputy First Minister Martin McGuinness have contacted US Secretary of State Hilary Clinton to "raise the case of Marian Price McGlinchey and to support her release.
19 March 2019
Translink To Up Fares For Bus & Rail Services
Translink has announced an increase to fares for many of its bus and rail services next month. Charges on the Metro & Glider service in Belfast, as well as NI Railways and Ulsterbus, will rise as of Monday 01 April. An average increase of 2.
08 October 2021
Concerns Raised Over Energy Price Rises
Sinn Féin has raised concerns over the continuing energy price increases as we move into the winter. MLA Caoimhe Archibald said it is putting "huge pressure" on workers and families.