Belfast Telegraph

Firmus Energy follows main competitor and cuts gas tariffs by 10% as wholesale price falls

By John Mulgrew

Firmus Energy is reducing gas prices in Northern Ireland by as much as 10%.

It is lowering both its home and business natural gas prices by 10% in Belfast, which the firm claims could save average customers around £57 each year.

And it's set to lower prices for those in the so-called Ten Towns area - which includes Coleraine, Londonderry and Ballymena - by 5%.

The lower prices will affect around 50,000 customers, and kick in next month.

The decision - which has been welcomed by both the Utility Regulator and Consumer Council - comes after rival SSE Airtricity revealed last week it was cutting its prices.

Michael Scott, managing director of Firmus Energy, welcomed the reduced costs "particularly as we come into the winter months".

The Consumer Council's head of energy, Richard Williams, said the latest drop was "positive news for consumers".

"The reduction comes on the back of sustained falls in the international wholesale gas market and follows last week's announcement from SSE Airtricity," he said.

The Utility Regulator's chief executive Jenny Pyper said: "As we enter the winter months, this reduction will benefit households and businesses as they see this reduction reflected in their gas bills from October 1, 2015".

And while it doesn't regulate the energy firm's business in the Greater Belfast area, Ms Pyper said the 10% reduction is "further good news for consumers and demonstrates the responsiveness of the market".

Belfast Telegraph