We scrutinise and approve the Power NI tariff review for domestic consumers, in consultation with the Consumer Council and Department of Enterprise, Trade and Investment. This is when the maximum price that domestic consumers of Power NI could pay for their electricity is decided. The process is normally carried out on a yearly basis, unless there is a need to increase or decrease tariffs mid-year.
The most recent regulated electricity tariff review relates to the period from 1st October 2014 to 30 September 2015. As part of this review Power NI provided detailed information submissions on the various components of its tariffs to the Utility Regulator for scrutiny. These are based on best estimate forecasts of Power NI’s costs.
Overall, the outcome of the review is that there will be no change to the Power NI regulated tariffs from the 1st October 2014.
We will continue to monitor wholesale costs on a monthly basis and will act as appropriate.