Northern Ireland's Utility Regulator has today announced (Thursday 8th February) that it has started a review of a number of electricity and gas providers across the province.
The Utility Regulator regulates the gas prices for customers of SSE Airtricity Gas Supply (Greater Belfast and West areas), Firmus Energy (Ten Towns area) and the electricity prices for Power NI’s domestic customers.
This means that the body continuously monitors the components that make up these regulated tariffs and then approve any resulting change to tariffs when necessary.
It is expected that the reviews will conclude by end of February, and announcements to follow soon after.
Northern Ireland’s third largest electricity supplier, Budget Energy, announced a price decrease of 9% for their domestic electricity customers on variable rates last week.
SSE Airtricity, Northern Ireland’s second largest electricity supplier, announced a price decrease of 6.3% for their electricity customers just a few days before.