NIAER publishes its first set of Resource Accounts covering the period 1 April 2003 to 31 March 2004

29 December 2004

This is the first year for which accounts have been prepared on a resource basis for the Northern Ireland Authority for Energy Regulation. Resource Accounts provide a great deal more information about NIAER and its activities and promotes the principles of openness, transparency and accountability.

Resource accounting introduced a more commercial style, which reflects the costs of resources used whether or not they have been paid for in the financial year.

The Resource Accounts give a more complete picture of the resources that NIAER used and provide much more information including a balance sheet showing all its assets.

The Accounts contain audit certificate from the Comptroller & Auditor General who may also append a report to explain the reason for any audit qualification, or to report on other issues of public interest. NIAER accounts received an unqualified audit certificate.

The accounts are available on this website or from The Stationery Office (price £14.00).

Notes for Editors

1.OFREG (the Office for the Regulation of Electricity and Gas) supports the Northern Ireland Authority for Energy Regulation (NIAER) the regulator of the Electrcity and Gas industries in Northern Ireland. NIAER’s powers are derived from the Electricity (Northern Ireland) Order 1992, the Gas (Northern Ireland) Order 1996 both as amended by the Energy (Northern Ireland) Order 2003.

For further information contact Terry McErlane at Weber Shandwick Telephone 028 90761007 or 07770886911