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Electricity prices must be cut now

Electricity prices in Northern Ireland are at a record high, with no sign of reduction.

Oil is used to generate a very small proportion of our electricity, the vast majority being generated by gas. This fact is being used to justify the lack of price reduction in spite of the massive fall in crude oil price.

However, wholesale gas prices have also fallen dramatically. In view of this, why have the Northern Ireland electricity providers not lowered prices? And why has the regulator not intervened?



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