Cost Of Living In UK: Changes In Gas And Electricity Price May Affect You

Cost Of Living In UK: Changes In Gas And Electricity Price May Affect You

A cut in government support towards energy bills will increase prices for many households in Northern Ireland.

As the cost of wholesale energy is falling, so too is the level of support from the government.

The Energy Price Guarantee commenced in Great Britain in October and one month later in Northern Ireland.

This support, which was backdated in Northern Ireland, is now coming to an end on Saturday.

Energy bills in Northern Ireland were being discounted by up to 13.6p per unit for electricity and 3.9p per unit for gas, from January to March 2023.

That support is being cut down, that is, from April to June 2023, bills will be discounted by up to 3.8p/kWh for electricity and 2.6p/kWh for gas.

This will offset price decreases from a number of suppliers and mean higher household bills for tens of thousands of customers. Continue reading