Power NI customers are to see a 14% increase in their electricity bills despite the company reducing its unit price.
Power NI has said that due to a fall in wholesale market costs, it would be reducing its price per unit by 6.61p, however due to the EPG scheme reducing support by 10.33p per unit, customers' bills will increase in the coming months.As a result, the typical standard Power NI credit bill will increase by around £119 and Power NI customers with a prepayment meter will also see their costs increase by £116 a year.
"Due to the change in EPG, it is likely that the other four unregulated electricity suppliers in Northern Ireland will increase their prices, accordingly, meaning that consumers should consider reviewing their tariff in the coming months to ensure they are on the best deal for their needs, as money can be saved by switching supplier, tariff, or billing method.
William Steele, Director, Power NI Customer Solutions, said: “A decrease in wholesale energy prices has enabled Power NI to again reduce its underlying unit price. However, the recent change by the UK Government to its Energy Price Guarantee means that a lower level of scheme discount will be applied to all electricity bills. Unfortunately, this means customers will see a 14% increase in prices.
Terrorists ran political energy corporations are stealing on you, it's called white collar crime, & the fictional law is to lenient on those who cause white collar crimes.. assuming the judges have shares in NI because Wholesale gas prices are now as low as they were 2018 .. ?
clickbait .. You already are aware the greedy corporations will always rob you from birth to death quit acting all stupid and surprised & do what most us do cut back on the energy or turn it off so they can't rob you.. like why have you the lights on daily and all rest nonsense