Share Energy to increase electricity prices by 12.6%
Summary
Northern Ireland electricity supplier Share Energy will raise its prices by 12.6% starting October 1st. The company says rising costs are due to global events affecting energy prices and calls for government action to reduce dependence on gas.Key Facts
- Share Energy has 41,092 customers, mostly domestic.
- The price increase will add about £129 per year to typical bills.
- Other suppliers like SSE Airtricity and Firmus Energy also recently raised their prices.
- The company has absorbed rising costs as long as possible but must now increase prices.
- Share Energy promises to share half its profits with customers.
- The supplier is locally owned and has experience in renewable energy.
- Customers will be contacted directly and offered help if they struggle to pay.
- The Consumer Council encourages people to look for ways to reduce energy costs and seek help if needed.
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