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Power NI electricity price cut
What is the Power NI electricity price cut?
What is the decrease?
It’s a 10.3% cut in prices which means a saving of about £54 a year off a typical household bill. (Saving based on typical consumption of 3,200 units used at Power NI’s standard rate, incl VAT of £54 = April 2015 typical bill £524 to April 2016 typical bill £470 = £54)
When will it take place?
The change in pricing will take effect from 1st April. Most customers will see the new rates on bills from July onwards for units used during the previous three months (this may vary depending on your scheduled meter reading date). All customers will receive the same number of bills at the new unit rate.
Why are prices decreasing?
We have been able to cut prices due to falling wholesale fuel costs which have reduced the price of electricity production. The main fuel used to generate electricity in Ireland is gas and lower gas prices have led to lower electricity generation prices – which we’ve been able to buy/access -and we have been able to pass these savings onto you.
*Typical bill based on domestic consumption of 3,200 units used in a year, at Power NI standard rate, including VAT.