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Continued increases in wholesale gas prices lead to tariff rise for Ten Towns Network area

Due to further increases in global wholesale gas prices, Northern Ireland’s largest gas supplier, firmus energy, has today announced a 33.57% increase to the natural gas tariff in their Ten Towns Network area. This will take effect from the 24th February 2022.

Today’s announced change in tariff will mean an extra £5.95 per week[1] on to the average household bill.

The Ten Towns Network area includes Antrim, Armagh, Ballymena, Ballymoney, Banbridge, Coleraine, Craigavon (including Lurgan and Portadown), Limavady, Derry/Londonderry, Newry, and more than 25 other towns and villages in the surrounding areas.

Dr David Dobbin, Chairman of firmus energy, said:

“Unfortunately, due to the sustained high prices in wholesale gas markets we have had no option but to make a further increase in our gas tariff.”

“Very low gas stocks, reduced Russian supplies and concerns about the Ukraine situation are all combining to keep European gas prices high. The market crisis has been well publicised and markets look increasingly like they are going to remain high for some time. As we have previously stated this is not just a firmus issue, but a challenge faced by every local and national supplier of gas and electricity all of whom are affected by the huge upsurges which have taken place in wholesale gas and energy costs. Regrettably, we, in Northern Ireland, are at the mercy of the global wholesale gas market and are unable to influence these prices.

“We know this is another unwelcome increase which will have a disproportionate effect on those of our customers who are the most vulnerable. We have been providing financial support to the Department for Communities scheme to help those most in need and will continue to do so. If any of our customers feel that they require further support, they should contact us directly to see how we can help.”

Customers seeking advice on their natural gas bills or direct debit payments should contact the firmus energy Customer Services team on 0330 024 9000.  For free and independent advice on how to save energy please contact NI Energy Advice Line on 0800 111 4455.

ENDS

 

Media contact: Open Strategic Communications - 028 9590 2968

 

Notes to editors:

  • firmus energy is a regulated business and this price increase follows a tariff review process that is carried out by firmus energy and the Utility Regulator, in consultation with the Department for the Economy and the Consumer Council for Northern Ireland.
  • As part of this process, the Utility Regulator has scrutinised firmus energy’s actual costs to supply gas to homes and businesses in the Ten Towns Network area.
  • firmus energy is a natural gas distribution and supply company, based in Antrim. Since 2005, firmus energy has connected over 50,000 customers in its network area (outside Greater Belfast) and supplies natural gas to over 110,000 across Northern Ireland.
  • The Ten Towns area includes Antrim, Armagh, Ballymena, Ballymoney, Banbridge, Coleraine, Craigavon (including Lurgan and Portadown), Limavady, Derry/Londonderry, Newry and more than 25 other towns and villages in the surrounding areas.
  • This tariff announcement does not apply to the Greater Belfast or West network areas.
  • There is a clear ambition to reduce Carbon Dioxide (CO2) emissions in Northern Ireland. Every home can benefit from an immediate CO2 reduction of up to 52% when they switch their home heating system from a 15-year-old Sedbuk F oil boiler without controls to a new Sedbuk A natural gas boiler with heating controls used correctly. 

 

[1] This is based on typical Medium Home Consumption Value of 12,000kWh per year as published by OFGEM. £5.95 is based on a typical firmus energy network home PAYG customer. A typical firmus energy network home credit customer will increase by £6.25 per week.

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