Consumers in Northern Ireland will benefit from a gas price freeze this winter, it’s been announced.
Phoenix Supply has pledged to hold tariffs steady for its 130,000 homes and businesses from the beginning of October — despite increases in wholesale energy prices in recent months.
The good news comes two days after NIE announced there would be no electricity price hike over |the coming months, following |the Utility Regulator’s annual review.
Similarly, Phoenix’s plans were unveiled after a period of formal consultation with the Utility Regulator, the Consumer Council for Northern Ireland and the Department of Enterprise, Trade and Investment. Last year Phoenix Supply reduced tariffs by a total of 36.9%, which slashed average annual bills to around £437 per year.
David Strahan, the company’s managing director, said natural gas was currently around 18% cheaper than heating oil.