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06/09/2022

NI Gas Prices Set For Huge 56% Increase

Firmus Energy has announced plans to increase gas prices by over 56% for Northern Ireland customers.

The 56.3% rise will affect customers in Greater Belfast and Ten Towns Network areas.

Taking effect from 03 October 2022, the price increases will result in an extra £15.50 per week on to the average household bill for the Ten Towns Network area and £16.22 per week for the Greater Belfast Network area.

Niall Martindale, Chief Executive of firmus energy, said: "Increases in wholesale gas commodity costs continue to impact the market and regrettably, we have no choice but to reflect these increases in our tariffs.

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"The ongoing war in Ukraine and Russian disruption to the supply of natural gas in Europe is having a significant and adverse impact on energy costs, affecting all suppliers here in Northern Ireland, as well as nationally and internationally.

"We know this is not welcome news. Tariffs are set as a direct consequence of wholesale prices on the global market, and we have no option but to reflect the cost of this gas within our tariffs. We remain committed to reducing tariffs as soon as the market crisis subsides and enables us to do so.

"We know this is a very difficult time for many households and businesses and we urge any of our customers who need further support to call our dedicated local team to discuss ways in which we can help."

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