Was does the price change mean for Economy 7 customers?
Two parts which make up the price you pay for electricity are changing from 1 July 2023.
Your Power NI unit price. The Power NI Economy 7 unit price has been reviewed with the Utility Regulator and a decrease of 6.8% has been agreed to the day rate and 8.1% to the night rate. This is due to a fall in wholesale electricity costs.
The Energy Price Guarantee (EPG) government support. From July to September 2023, the amount of government support provided to customers is reducing from 3.77p to 0p per unit. This means an average 17.41% increase to the price you pay for electricity.
What does this mean for me?
Despite the decrease to the Power NI Economy 7 unit rate, customers will see an overall increase of 3.85% to the day rate and 13.33% to the night rate. For an average Economy 7 customer, the price per day will increase by approximately 16p*.
*16p per day increase is calculated using Power NI average unit price increase of 7.6%, with a weighted average of the Power NI Economy 7 standard unit rate and an annual consumption of 3,200 kWh.
By submitting this form and including your email address you consent to Power NI contacting you in relation to this enquiry. For details on how we use your information please view our Privacy Statement