Less than six months since their last price SSE Airtricity have announced they are increasing prices again, this time by 9.7%.
SSE Airtricity are now the third supplier in Northern Ireland to have increased prices twice this year – coming on the back of previous announcements by Budget Energy and Electric Ireland.
Any increase in prices will be unwelcome news for customers, but two within six months will be of concern for many customers. In this blog we take a look at the announcement from SSE Airtricity and what it will mean for customers’ pockets
What does the price drop mean for customers?
SSE Airtricity have around 162k electricity customers, around 20% of the market, who will now see their bills increase.
The price change will add around £58 per year for a typical customer on SSE’s Smartsaver standard tariff*. And this comes on the back of a 3.9% price increase that SSE Airtricity introduced on 1st March 2021, which added around £22 to a typical bill.
Coupled with March’s increase, customers have now been hit with a total increase of 13.6%, adding around £80 to a typical customers bill.
To see what difference this can make to your bill compare electricity prices with www.powertoswitch.co.uk. We have already factored in what this price increase will mean for your bill.
What SSE Airtricity have said…
SSE Airtricity have said the price increase reflects increased network and market charges that are outside their control.
Klair Neenan, Managing Director at SSE Airtricity, said:
“Since last summer, wholesale energy costs have been rising, almost tripling in that time. These sustained increases are being compounded by reduced generation capacity from some power stations, which is putting pressure on wholesale energy prices. These factors are impacting all suppliers – as we have seen from others’ recent price announcements.
“We have worked hard to limit and delay this impact on our customers and absorbed costs where possible. We will continue to watch the market carefully and, as we have done before, will look to reduce our prices as soon as it possible to do so.
Get in touch with your energy supplier
As everyone realises, we are still living in uncertain times. It’s important to get in touch with your energy supplier to discuss any payment issues or concerns and help manage your account. Even providing an up to date meter read can make sure your payments are accurate and up to date.
Finding a better deal…
At ‘Power to Switch’ we compare all tariffs and deals across all electricity suppliers to save you money. Switching is quick, hassle-free and means you keep more money in your pocket – you don’t even have to tell your old supplier you are leaving.
* Based on a customer on 24hr SmartSaver Standard credit meter tariff (Direct Debit with eBilling) with typical consumption of 3,200 kWh.