NI energy suppiler announces price reduction at the start of next month

A Northern Irish energy supplier has announced a price reduction for its customers that will begin from the beginning of April.

firmus energy Supply, Northern Ireland's largest natural gas suppiler has announced that it will be reducing its tariff in the Ten Towns Area from April 1 by 11.84%.

This move will mean that the average customer will now save on average around £136 a year.

The supplier has said that in the coming weeks it aims to bring further competition to the Greater Belfast area and will be making further announcements in due course. firmus energy Supply supplies natural gas to over 114,000 customers across Northern Ireland.

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.

Commenting on the conclusion of the tariff reviews, Colin Broomfield, Director of Markets at the Utility Regulator said: “In January 2025, we began a formal review of the regulated tariffs for Firmus Energy (Ten Towns area) and SSE Airtricity Gas Supply (Greater Belfast and Western areas). Following our analysis, we have determined that Firmus Energy’s regulated tariff will decrease by 11.84%, and there will be no change to SSE Airtricity Gas Supply’s regulated tariff.

“Firmus Energy’s decrease of 11.84%, or £136 per year, will come into effect from 1 April 2025.

“Following the conclusion of our review of the gas tariffs, the combined regulated gas and electricity tariffs in Northern Ireland will be lower than the Price Cap in Great Britain and Republic of Ireland combined tariffs, from 1 April 2025. Power NI’s regulated tariff was reviewed in October 2024 and a 4% increase came into effect on 1 December 2024.

“When the Firmus Energy tariff was set in April 2024, this included an allowance** to recover higher than forecast wholesale gas costs from the previous tariff period. The company has now recovered those costs. This is the main reason for the 11.84% decrease to Firmus Energy’s new tariff, coming into effect on 1 April 2025.

“It is important to note that the wholesale energy market continues to be volatile. We will continue to monitor the regulated suppliers’ tariffs to ensure that regulated tariffs reflect the actual cost of providing gas and electricity to consumers.

“We do recognise that many households and businesses are still struggling with their energy costs. If you are worried about paying for your electricity or gas, we would encourage you to contact your supplier in the first instance, to make them aware of your circumstances, and discuss the options available. In addition, there are a number of agencies who can provide free and independent advice to households, including Advice NI, Christians Against Poverty, the Consumer Council and Money and Pensions Service’s MoneyHelper.”

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