SSE Airtricity, Northern Ireland’s largest provider of greener energy, has confirmed today it will reduce its electricity prices by 5.1%, saving a typical household customer with a standard credit meter £32.60* annually.
The 5.1% reduction announced today comes into effect from 1 August 2020 and will apply to all domestic customers supplied by the utility.
With around 167,000^ electricity customers, SSE Airtricity is the second largest supplier in Northern Ireland. The company is revising its prices downwards to reflect the situation currently seen in wholesale energy costs. However, this is offset by other costs, including system and network costs, which are outside of the company’s control but impact all energy suppliers.
Today’s announcement follows a reduction in SSE Airtricity’s natural gas tariff earlier this year. In April the utility announced a decrease that will save gas customers in Northern Ireland around £107 per year. The combined gas and electricity reductions will mean a boost of around £23 million pounds for the local economy.
David Manning, SSE Airtricity Home Energy Director said:
"I’m pleased to announce that we’re reducing our energy costs across Northern Ireland. This is welcome news for SSE Airtricity customers and hopefully goes some way to helping households in a difficult period for everyone.
"Since the outbreak of coronavirus in Northern Ireland we have been working with customers to ensure we’re playing our part in limiting the impact of Covid-19 and this decrease will enable households to save more money.
"At SSE Airtricity we are committed to delivering value and savings while providing the outstanding service that our customers expect from us."
Last month, in response to the coronavirus pandemic, SSE Airtricity and SSE Renewables, owners of Slieve Kirk Wind Park, repurposed the SSE Airtricity Community Fund as a Covid-19 Response Fund, making £170,000 available to support communities in Derry/Londonderry and Tyrone. This financial assistance has provided support to a range of services, including providing care workers with essential PPE, meals on wheels for vulnerable people isolating, and technology for children home-schooling.
* From 1 August, the typical annual cost of home electricity will be £569.77, based on a customer on 24hr SmartSaver Standard credit meter tariff (Direct Debit with eBilling) with typical consumption of 3,200 kWh. The typical annual cost of home electricity for customers on a 24hr Keypad Standard tariff with the same typical consumption will be £590.99. Figures rounded to the nearest Pound value and are inclusive of VAT. Actual costs vary according to meter type, individual tariff and consumption.
^SSE Airtricity supplies 166,796 domestic electricity customers Figures quoted based on latest retail energy market Quarterly Transparency Report Q4 2019 published by the Utility Regulator, February 2020.