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Sunday, September 22, 2024

NI customers miss out as Electric Ireland cuts prices in the Republic

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The company yesterday announced a second consecutive reduction in electricity and gas prices for households in the Republic, with the new reduced rates coming into effect from March 1.

Electric Ireland has around 1.1 million customers in the Republic and currently has around 100,000 customers in Northern Ireland, making it its third largest supplier.

Starting in March, the company will cut electricity rates by 8% and gasoline prices by 7%.

This means the average RoI customer can save over €150 (£175) on electricity and €111 (£95) on gas, with dual customers potentially saving up to €264 (£228). It means that there is a gender.

An Electric Ireland spokesperson confirmed in a statement that the cuts would not be repeated north of the border.

“Today’s price announcement in the Republic of Ireland does not apply to Northern Ireland,” they said.

“Electric Ireland’s operations in Northern Ireland must be operated separately from the Republic of Ireland due to different market requirements.

“We continue to monitor energy prices and will notify customers of any price changes.”

This is the second consecutive time that customers and households in Northern Ireland have not benefited from Electric Ireland’s price cuts. The company previously reduced prices for RoI customers in September 2023.

Northern Ireland’s electricity suppliers often face a competitive disadvantage in pricing due to different grid connection frameworks compared to the UK and the Republic of Ireland.

However, in 2022, households in Northern Ireland benefited from lower energy bills compared to households in other parts of the UK and Ireland.

Late last year, it was reported that electricity prices in Northern Ireland could rise by up to 19% in 2025 under proposals from the NI Electricity Regulator.

This body is responsible for regulating the electricity, gas, water and sewerage industries in Northern Ireland.

Manufacturing NI chief executive Stephen Kelly said the proposal was a “scandal”.

Electric Ireland also faced controversy in Northern Ireland last year after a keypad problem prevented customers from refilling their electricity meters.

The issue persisted for several days, with customers being advised to only charge up to £5 at a time and the company apologizing for the inconvenience.



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