Utility Regulator welcomes further cut to gas bills

10 March 2016

The Utility Regulator today welcomed firmus energy’s announcement of a reduction in their regulated gas tariffs in the Ten Towns area.

Utility Regulator Chief Executive, Jenny Pyper said:

“Today’s announcement by firmus energy to reduce regulated gas prices in the Ten Towns area by 7.7% is great news for their customers. This is the third reduction in regulated energy prices we have seen in Northern Ireland in the last month. In the last year, firmus energy’s customers in the Ten Towns area will have seen their bills reduce by around 12%.

“The main reason for the decrease is falling wholesale gas costs. As we regulate firmus energy’s prices in the Ten Towns, their customers can be confident, that due to our regulation, their bills reflect the actual costs of supplying gas to their homes and businesses.

“These reductions mean that consumers here are continuing to benefit from amongst the lowest gas standard tariffs in the UK and RoI. As always, we will continue to monitor wholesale costs in relation to firmus energy’s regulated prices.

“Whilst we don’t price regulate firmus energy’s tariff in the Greater Belfast area, their 9.75% reduction announced earlier this week, is further good news for consumers. This reduction follows SSE Airtricity’s reduction to their regulated gas tariff in the Greater Belfast area, which shows the responsiveness of the market and also the importance of price regulation.”

This announcement marks the conclusion of the Ten Towns tariff review which is undertaken by the Utility Regulator and firmus energy, in consultation with the Department of Enterprise, Trade and Investment and the Consumer Council for Northern Ireland. 

ENDS
For further information, please contact Adele Boyle on 028 9031 6664 or 07787 279584.

Briefing paper on firmus energy tariff review - April 2016