Despite a 10% rise in gas and electricity prices across England, Scotland, and Wales this October, Northern Ireland will see no change to supplier costs. While energy prices are still higher than pre-Ukraine invasion levels, stability brings some comfort to households after record price rises.
With the weather getting colder, more households across Northern Ireland will be thinking about turning their heating on and how much that will cost them.
The Utility Regulator in Northern Ireland says there will not be any price changes in October to the suppliers that it regulates: Power NI for electricity, SSE Airtricity for gas in Greater Belfast, and Firmus for gas in the Ten Towns area.Raymond Gormley says stability in the market should bring comfort
"If you remember back to the energy crisis, prices were going up 30-40% at a time and people were moving from one shock to another, whereas if there's stability, people can plan around that.""Oil prices are very good value for money, so for homes with home heating oil, have a look at your heating tanks; if you need oil, it's a good time to get it.
Click Energy's typical annual household bill is £1,132, meaning no change to October 2023, and Share Energy, a new supplier, has an annual bill of £858. "I wouldn't say the cost of living crisis is over for a lot of people; there are a lot of other costs out there that people are being stretched to meet.Unlike households, businesses face paying more for their electricity as a result of an increase in fixed costs.
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