What’s the problem with switching electricity supplier? You can interpret that question in a couple of ways. Is there any difficulty in making the transition from one supplier to another? No, there’s not. The process of changing over is straightforwa...
A question I’m often asked is: why does electricity here cost so much? My response is that it could be worse. If we paid similar rates of VAT on energy as other countries, prices would be substantially higher. As it is, the cost of power for consumer...
A leading energy lawyer here has called for an island regime to support renewable energy. Richard Murphy of Pinsent Masons made the recommendation at the Northern Ireland Energy Forum held in Belfast on Sept 10. He said mirroring legislation from Eng...
The firmus Energy Index touched a new low in July as world markets continue to be swamped by a surplus of oil. The Index, which tracks wholesale fuel prices in Northern Ireland, dropped to 74. That’s the lowest figure recorded since the benchmark was...
Continuing weakness last month in the global oil market has moved the firmus Energy Index close to a six year low. The widely regarded measure of Northern Ireland wholesale fuel costs fell by four per cent to stand at 84 in June. Oil prices had been ...
Three new energy suppliers are set to make their presence felt over the next few months.Belfast based Open Electric has already declared its hand. It is building its appeal partly on a willingness to share its profits with consumersManaging Director ...
New energy supplier Open Electric has launched itself into Northern Ireland's competitive domestic electricity market with an offer which it claims differentiates itself from its rivals. The Belfast-based company, which was established last year ...
In a change from the norm, gas rather than oil decided the direction of wholesale energy last month. A steady stream of imported LNG (Liquefied Natural Gas) helped drive the firmus energy index down by four per cent which now stands at 87. Th...
The scale of electricity meter tampering has been disclosed in a consultation document issued by the Energy Regulator. It appears that energy suppliers suspect around 5,000 meters are being interfered with. The extent of the losses from the theft inv...
It sounds like science fiction but appears to be technologically feasible. A local renewable energy company wants to store compressed air deep underground – releasing it when needed to power electricity generators. Gaelectric, a major develo...