SSE News & Analysis
2 articles
Market Mood
SSE Airtricity to Raise Gas Prices by 19% Starting October 1
SSE Airtricity will increase gas prices by almost 19% from October 1 for 200,000 domestic and small business customers in Northern Ireland. This will raise the annual gas bill of a typical household by nearly £172. The company attributed this rise to significant volatility in global energy markets and increased wholesale gas prices, which have doubled since the start of the conflict in Iran. The wholesale cost of gas has reached 169 pence per therm, twice the pre-conflict price, indicating ongoing pressures in energy markets relevant for consumers relying on these utilities.
Read More: SSE Airtricity to Raise Gas Prices by 19% Starting October 1
SSE (SSE) Airtricity Bills Increase £71 Annually Starting August 1
SSE Airtricity customers in Northern Ireland will experience a 6.2% increase in their electricity bills starting August 1, translating to an additional £71.57 per year, or about 20p daily. This results in a typical annual bill of £1,277.07. The company attributed this price rise to sustained market volatility and increased wholesale costs. Managing Director Stephen Gallagher emphasized that the decision was not made lightly as they strive to mitigate the ongoing impacts on customers.
Read More: SSE (SSE) Airtricity Bills Increase £71 Annually Starting August 1