Our job is to ensure that the bills consumers pay reflect the efficient costs of providing the service.
The main supplier of domestic electricity is Power NI.
We scrutinise and approve the Power NI tariff review for regulated consumers (under 50 MWh), in consultation with the Consumer Council and Department for the Economy. This is when the maximum price is decided that domestic consumers of Power NI could pay for their electricity.
The most recent regulated electricity tariff review relates to the period from 1 October 2018. 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.
As is the normal process, we will continue to monitor wholesale costs on a monthly basis and will act as appropriate.
- Tariff review October 2018
- Tariff review October 2017
- Tariff review April 2016
- Tariff review April 2015
- Tariff review September 2014
- Tariff review May 2013
- Tariff review August 2012
- Tariff review August 2011
- Tariff review September 2010
Supply Price Controls
Power NI Price Control
A core function within the UR is setting Price Controls for the regulated businesses. Power NI submit their proposed costs for running the business to the UR. These costs are thoroughly scrutinised and the appropriate level approved by the UR. The UR also sets the Margin for Power NI i.e. the level of profit which they are allowed to make from their price-regulated customers. The scope and customer coverage means that the current price-regulated threshold is for those customers with consumption under 50MWh per annum. This currently includes small I&C customers as well as domestic customers.
We are finalising the latest Price Control for Power which will run from April 2017. The consultation for the latest control was published in June 2016.
This Paper proposed the extension of the current control for a period of two years meaning it will run until March 2019. It also proposed that the scope and customer coverage of the control be reduced so that the control would cover only domestic customers. The decision paper is due for publication in November 2016.