Belfast Telegraph

Saturday 12 July 2014

Transparency call over power

The announcement by the Electricity Regulator for the UK mainland to examine how the main suppliers set their prices is good news for consumers there.

Northern Ireland's utility regulator should carry out a similar investigation into how prices are set.

Ofgem's initial investigation showed that some companies were sourcing electricity cheaper than other companies, which undermines the argument that each and every one of them is facing identical price-pressures.

The forensic accountants will be looking into this when they are appointed next month. Ofgem has stated that they expect the accountants to look deeper into the energy companies' accounts.

It is essential that there is transparency regarding how our electricity prices are calculated, to ensure consumers in Northern Ireland are not made to pay over-the-odds for a something we all rely on.

ROBERT RAINEY

Lisburn, Co Antrim

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