This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.

You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/northern_ireland/8165314.stm

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
Phoenix Gas 'could cut prices' Phoenix Gas 'could cut prices'
(about 1 hour later)
Phoenix Gas has confirmed that it is looking at making price cuts in the autumn.Phoenix Gas has confirmed that it is looking at making price cuts in the autumn.
Tariffs were reduced by more than a fifth in January, and Phoenix promised more cuts would follow when wholesale markets allowed.Tariffs were reduced by more than a fifth in January, and Phoenix promised more cuts would follow when wholesale markets allowed.
The scale of any reduction has to be discussed with the Consumer Council and the Utility Regulator.The scale of any reduction has to be discussed with the Consumer Council and the Utility Regulator.
However, with wholesale gas markets down there is speculation that the reduction could be around 10% However, with wholesale gas markets down there is speculation that the reduction could be around 10%.
Wholesale energy prices have plunged since last year's oil price bubble burst.Wholesale energy prices have plunged since last year's oil price bubble burst.
However, wholesale costs are still 60% higher than they were two years ago.However, wholesale costs are still 60% higher than they were two years ago.
Glyn Roberts from the Northern Ireland Independent Retail Trade Association welcomed the confirmation that Phoenix Gas were looking to make price cuts.
"We think this is a good thing because it will reduce the running costs for many small businesses and many small retailers that are suffering greatly as a result of the recession," he said.