When Covid 19 struck earlier this year, the wholesale cost of electricity fell sharply. But recently the price of power has been moving upwards. In October electricity traded on the main wholesale market was 17% more expensive compared with the same ...
For the vast majority of people, no matter what you use to heat your house you are exposed to a greater or lesser extent on world fuel prices. The fluctuations in these costs will determine whether you find yourself paying an increasing or decreasing...
Electricity charges are coming down following a fall in wholesale prices. The cuts are not as big as one might have hoped. Partly that’s because a drop in demand for electricity, driven by the coronavirus crisis, has led to the smearing of fixed cost...
The SONI Managing Director welcomes the upcoming conversion of Kilroot Power Station from coal to gas. Jo Aston says the development will help reduce our carbon footprint and secure longterm jobs. Acknowledging that the installation at the site of tw...
The Electricity Regulator has welcomed the near 5% reduction in Power NI's tariff. The decrease which will come into effect at the start of July will reduce the average household domestic electricity bill by close to £30. However Jenny Pyper says the...
The collapse in oil prices has sent the cost of home heating oil plummeting. It’s now down at a level not seen since early 2016. The average charge for 500 litres is just over £137. That has left home heating oil the cheapest by far of the four fu...
On Sunday April 5, the main wholesale market here for electricity went negative. Instead of paying, people got paid, for taking supplies of power from the Day Ahead Market. Now that’s not that unusual. There have been short periods before where charg...
In one short week there’s been a change at the top of the central heating leaderboard. When enirgy.info last calculated the cost of heating a home, natural gas emerged as the cheapest of the four fuels under comparison. That result wasn’t whol...
The price of oil has been falling through the floor. Last Monday Brent crude dropped below twenty two dollars a barrel, a level not seen in almost twenty years. This collapse in the cost of the black stuff, brought about by a slump in demand and ...
Gas costs for firmus energy customers in the Ten Towns area are to fall by just over 21% from the start of April. The price cut applies to 46,000 homes and small businesses. Around two thirds of the latest reduction is due to a collapse in wholesa...