SSE Airtricity has announced that it will be reducing standard electricity tariffs by seven per cent from today (1 November 2023).

The typical customer with a standard rate credit meter will save around £95 per year whilst a typical customer with a standard rate keypad meter will save around £93 per year.

Peter McClenaghan, Director of Infrastructure and Sustainability at the Consumer Council, said: "This price decrease is welcome news for SSE electricity customers. The coming winter will be tough for many of us as energy bills are around twice the pre-pandemic average and no government support has been announced for the winter ahead. By contrast last winter all households had their energy bills subsidised and received a £600 payment.

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"At times of high prices there can be more money to be saved by switching supplier, tariff, or even the way you pay your bill. The difference between the highest and lowest tariffs on the market is currently over £450.

"We have a free electricity price comparison tool on our website which allows you to see all the deals that are available across Northern Ireland compared to what you are currently paying for your electricity bills. You don’t always have to switch supplier to save money, sometimes switching payment method or tariff with the same provider can reduce the amount you pay."