Utility Regulator comments on firmus energy’s gas tariff announcement | Newry Times

Posted by
editor@newrytimes.com
Friday, March 5th, 2021
Community

Firmus energy has announced a 17.75% increase to its regulated gas tariffs for domestic and small business customers in the Ten Towns area.

 

Utility Regulator comments on firmus energy’s gas tariff announcement | Newry Times

 

This change in tariff will be effective from 1 April 2021.

Commenting on the announcement, John French, Utility Regulator Chief Executive said, “In February 2021, firmus energy submitted a request to the Utility Regulator to increase their Ten Towns regulated tariff by 17.75% or £78 per year.

 

 

“Following a detailed regulatory examination of the company’s gas purchasing strategy, operating costs and regulatory reserves, we have accepted firmus energy’s submission.

“This increase reflects a significant rise in the cost of wholesale gas over the last year.

“For example, the price of wholesale gas traded on the ‘day ahead’ market has nearly doubled since January 2020.

“After this increase, the average firmus energy bill in the Ten Towns licence area will now be £518 per year.

 

Is your blog or news page gathering dust? Northern Ireland freelance copywriter Paul Malone - Tall Paul Marketing

 

“This compares to the annual average gas bill in GB of £536 and £685 in RoI.

He continued, “We expect all suppliers in Northern Ireland to set their prices competitively and treat their consumers fairly.

“We will continue to proactively review wholesale energy costs and should these decrease, we will act to ensure that regulated companies reflect this in consumer bills.

“We recognise that many households in Northern Ireland are struggling with the impact of Covid-19.

“We have been working with the energy industry and the Consumer Council to ensure consumers are supported through this difficult time.

 

 

John added, “I would encourage anyone who is worried about their energy bill to contact their supplier and access the help and support that is available.”

Further information on the support available to energy customers is available at www.nidirect.gov.uk/covid-19-energy-debt-advice and within the consumer protection section of the Utility Regulator’s website.

The Consumer Council’s website has energy advice for consumers during these difficult times and also provides an independent energy price comparison tool to help consumers save money.

A number of agencies can provide free and independent advice, including Advice NI, Money and Pensions Service and Christians Against Poverty.

There is also more information on support for natural gas customers from the new www.naturalgasni.com website.

 

 

This tariff announcement marks the conclusion of a review undertaken by the Utility Regulator and firmus energy, in consultation with the Department for the Economy and the Consumer Council for Northern Ireland.

 

Keep up to date with all the latest Northern Ireland Coronavirus / Covid-19 news HERE.

 

Both comments and pings are currently closed.

Comments are closed

-->

This website does not share personal information with third parties nor do we store any information about your visit other than to analyze and optimize your content and reading experience through the use of cookies. You can turn off the use of cookies at anytime by changing your specific browser settings.

We are not responsible for republished content from this blog on other blogs or websites without our permission. This privacy policy is subject to change without notice and was last updated on 16/01/2017. If you have any questions feel free to contact Newry Times by emailing editor@newrytimes.com

Log in