Brady welcomes Power NI electricity price cuts
Sinn Fein MLA Mickey Brady has welcomed the consumer price reduction announced by Power NI.
The Newry and Armagh representative was reacting after Power NI said the price cuts would save people around £83 a year. Power NI, who have a customer base of around 640,000 and 28,000 businesses, say the average customer will now pay around £505 a year compared to the present figure of £588.
The company stated that this will be implemented in October 2012 but it is still represents a 4.5% increase in prices that Northern Ireland customers enjoyed little over 20 months ago, before Power NI announced a rise of 18.5%.
Speaking to Newry Times, Brady said he welcomed the announcement but he stressed that it still didn’t represent similar value to the prices of previous years. “Although it does not reflect the massive above inflation increase of last year it will nonetheless represent a welcome reduction in overheads for SME’s, farmers and other commercial users as well as struggling households.”
“It is particularly welcome that it will be introduced in time for the winter months, when usage patterns tend to change and more electricity is used by both business and households.”
He added, “While Power NI is the largest suppliers of electricity in the North and this is obviously therefore good news for the majority of consumers here, people should be aware of the availability of alternative suppliers and shop around for price comparisons to ensure maximum savings on their energy bills.”
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