Electric shock: hefty 6% hike in bills

HOMES across the county have been hit with another mounting bill as the price of electricity is on the rise. 
The three big electricity suppliers in the North have announced price increases which came into place yesterday, Tuesday, October 1st. 
This is the third consecutive year householders have been hit by an increase. 
Power NI have announced a 6.1% increase in the cost of electricity which will result in a 67p a week increase for the average customer. 
The price increase came into effect last week and homes across the county received letters explaining the price increase. 
The letter from Power NI said, “Like a electricity suppliers here, we are seeing increases in electricity network and market changes, which have a knock on effect on our prices. 
“This rate change is as low as possible and is supported by the Utility Regulator.” 
SE Airtricity, the North’s second largest provider of electricity, has confirmed that household electricity prices will increase by 6.9%, or £0.75 per week. 
SE Airtricity blamed the rising costs associated with using the electricity network and market charges affect all suppliers and energy prices.
Electric Ireland also announced that it will increase residential electricity prices by 8% from 1st October 2019. 
The company said ‘this is due primarily to increases in external network and market operation costs.’ 
Clare McAllister, Residential Manager NI, Electric Ireland commented, “We very much value our customers and so the decision to change prices is not taken lightly. 
“As ever, we are committed to keeping prices as low as possible and we would like to assure our customers that even when this price increase is applied, our prices will continue to offer great value for families

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