Energy firm Power NI has announced a price cut - but says it will be cancelled out by a reduction in the Government’s Energy Price Guarantee.
The company’s domestic electricity tariff will be reduced by 14.2% from Janunary 1, but both they and the Consumer Council say that with a reduction in the EPG rate people’s bills will remain the same.
The Energy Price Guarantee, the Government states, “protects customers from increases in energy costs by limiting the amount suppliers can charge per unit of energy used”.
