SSE Airtricity, Northern Ireland’s largest provider of natural gas, has confirmed today it will reduce its regulated natural gas prices by 18.7%, saving a typical household customer £107.73* annually, equivalent to £2.07 per week*.
The 18.7% reduction announced today comes into effect from 1 April 2020 and will apply to all domestic and small business customers supplied by the utility.
SSE Airtricity is the regulated supplier of natural gas to over 168,000^ SSE Airtricity home and small business customers in Northern Ireland. The company is revising its prices downwards to reflect the soft demand and robust supply currently seen in global gas markets.
Today’s announcement follows the half-yearly review by the company of the supply and operating costs of its regulated natural gas business which is conducted at this time every year in consultation with the Northern Ireland Utility Regulator. The company also consulted with the Department for the Economy (DofE) and the Consumer Council of Northern Ireland (CCNI) as part of the review.
Andrew Greer, SSE Airtricity General Manager (NI) said:
“I’m delighted to announce that we’re reducing energy costs across Northern Ireland. This is welcome news for our customers who chose to switch to greener energy with SSE Airtricity. The 18.7% decrease in our regulated natural gas prices will save our household customers, with typical usage of 12,000 KWh, £107.73 in their annual costs.
“At SSE Airtricity we are committed to delivering value and savings while providing the outstanding service that our customers expect from us.”
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*Based on a customer on a standard 24hr credit meter tariff (Home Energy Standard) with typical medium level consumption of 12,000 kWh. Figures are inclusive of VAT. Actual costs vary according to meter type, individual tariff and consumption.
^SSE Airtricity supplies 168,192 Domestic and Small Industrial & Commercial customers in the Greater Belfast area, and 63 Small Industrial & Commercial customers in the Ten Towns area. No Gas to the West customer numbers are included. Figures quoted based on latest retail energy market Quarterly Transparency Report Q4 2019 published by the Utility Regulator, February 2020.