Two energy firms in the North of Ireland have announced changes to their tariffs.
Power NI has announced an average tariff decrease of 7.1%.
However, when factoring in the ending of the British Government’s Energy Price Guarantee, this equates to an annual rise of £49 for a credit customer and £48 for those on pre-payment metres – which will take effect from Saturday, July 1.
Likewise, SSE Airtricity says it will reduce their tariffs by 12.2%. This will mean in real terms a £134 increase for credit customers and a rise of £136 for people with pre-payment metres.
Power NI announced a 7.1% cut to its energy prices for domestic customers, which reflects a third successive tariff reduction this year.
However, the company says the cut is “unfortunately offset by HMG’s decision to reduce / remove the Energy Price Guarantee support scheme, meaning there will be an overall increase of 5.1%”.
This means the average bill for a Power NI customer paying for direct debit will rise from £965.76 to £1015.04.
Those on pre-payment metres will see their average bill increase from £941.44 to £989.76.
William Steele, director of Power NI Customer Solutions, said: “As prices have continued to fall, Power NI has welcomed another chance to further reduce its underlying unit prices for customers, with our third tariff reduction of the year.
“Despite this good news, the decision by the UK Government to remove its Energy Price Guarantee support means that unfortunately customers will see an overall increase of 5.1% in prices.
Mr Steele added: “We continue to work closely with our charity partners and other key stakeholders to ensure the most vulnerable in our local communities get the help they need.
“If anyone is worried about paying bills, please contact us directly, we are here to help.
“Power NI is continuing to work with customers and charity partners across Northern Ireland that are impacted by increasing costs.”
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