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Change could mean lower prices

Reform of the all island Single Electricity Market (SEM) has been forecast to put up bills but now there are grounds for believing it will cut chargesThe move to the new arrangement which has been entitled the Integrated Single Electricity Market or ...

Last updated on 11/05/2016

Cutting energy prices

Why not now? If wholesale gas, oil and coal prices have already fallen, shouldn’t we be seeing lower domestic bills in January rather than having to wait until April when the winter will be over? It looks like a good point but the fact is that one...

Last updated on 11/05/2016

Cut your electricity bill

It is possible to make substantial savings on your power bill but you must be ready to switch, and switch again if your deal comes to an end and you move onto a much less attractive tariff, - all the time of course watching out for penalties for leav...

Last updated on 11/05/2016

Plugging the gap

The Energy Regulator has revealed more details about plans to make sure the lights don’t go out next January when US owned AES is forced to switch off 510 megawatts of capacity at its Ballylumford station in order to comply with EU rules on emissions...

Last updated on 11/05/2016

Wholesale energy prices fall

The wholesale cost of energy here plunged ten per cent last month, as oil prices continued to slither downwards. The firmus energy index dropped to 98 - a new low in its five year history.  Oil may not be the only fuel consumed in Northern Ireland...

Last updated on 11/05/2016

Offshore wind farm plan abandoned

In a surprise move the company aiming to build Northern Ireland’s first major offshore wind farm has cancelled its plans saying it cannot meet a key Government deadline First Flight Wind, a consortium involving B9 Energy and giant Danish company D...

Last updated on 11/05/2016

Wholesale energy price index at four year low

After moving sideways for a couple of months, the wholesale cost of energy lurched downwards by six per cent in October. The firmus energy Index which monitors a basket of key prices in Northern Ireland dropped to 108, its lowest point in just over...

Last updated on 11/05/2016

Savings from switching power supplier

Now that the electricity suppliers have settled on their new rates, how much can you save on your annual bill if you’re prepared to opt for a new offering? Quite a bit. If you were on the least competitive rate available and you switched to SSE Ai...

Last updated on 11/05/2016

Short circuiting wind farms

Since writing about the chance of the forty per cent renewable electricity target not being achieved by 2020, I am becoming more and more convinced we will fall short. By how much it’s impossible to say. Just to recap; the Department of Enterprise...

Last updated on 11/05/2016

Renewable power target in doubt?

Is the Executive’s target of generating 40% of our electricity from renewable sources by 2020 at risk? I ask the question because DETI is currently looking at the costs and benefits of reaching that goal. Now, just because the Department is examin...

Last updated on 11/05/2016

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Home heating costs compared

Switching from one form of central heating to another is a challenging decision. Should you stay or should you go. It’s worthwhile checking how different fuels compare in price though past results are no guarantee of future performance.

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