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Pricing announcement FAQs 2016

What is the decrease?

It's a 10% cut in prices which means a saving of about £200 a year off a typical small business bill.

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Why are prices decreasing?

The price we pay for wholesale electricity has reduced. The main fuel used to generate electricity in Ireland is gas and lower prices have led to lower generation costs.

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Why has the price of gas reduced?

This is due to a number of reasons including the slowing of growth in the Chinese economy...

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What about oil prices?

Oil prices have no direct influence over Single Electricity Market (SEM) generation prices...

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What are the key facts?

Power NI is cutting tariff rates to its 31,000 small business and farm customers by around 10%[1] . The price decrease ranges from 7.5% to 11.0% depending on the tariff...

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