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More to be done to protect consumers amidst rising energy prices in Northern Ireland

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THIS year, every regulated energy company in Northern Ireland put up their prices, with further increases expected.

This comes at a time when many households are struggling to meet their energy needs, with low income groups most at risk.

Global energy prices have climbed sharply. Northern Ireland imports nearly all its home heating oil, petrol and natural gas, and this is impacting our consumers.

The Consumer Council weekly energy price monitor shows petrol rising by around 20p per litre and home heating oil increasing by over 50 per cent. When winter gas prices are announced, rising wholesale prices means rising consumer bills.

It’s hard to conceive a worse time for rising prices, with higher inflation and grocery costs, and the end to the furlough scheme and the weekly £20 Universal Credit uplift. Northern Ireland households have £101 less weekly discretionary income, higher debt and…

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