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Electricity bills: Almost half of NI homes have never changed from Power NI | Electricity bills: Almost half of NI homes have never changed from Power NI |
(about 2 hours later) | |
The overall reduction in switching shows signs that the markets are stabilising | The overall reduction in switching shows signs that the markets are stabilising |
Almost half of household electricity customers in Northern Ireland have never switched from the largest supplier, Power NI. | Almost half of household electricity customers in Northern Ireland have never switched from the largest supplier, Power NI. |
Only 28% have switched in the last three years and 49% have never switched. | |
That's according to the Utility Regulator, which has published data on so-called "sticky customers" for the first time. | That's according to the Utility Regulator, which has published data on so-called "sticky customers" for the first time. |
It has previously urged customers to shop around for the best deal, but last year there was a drop in the number of people switching suppliers across both electricity and gas. | |
The Utility Regulator's annual monitoring report provides an insight into the local energy market. | |
Of the 848,983 domestic connections in Northern Ireland, 49% have never switched from Power NI. | |
The supplier is the only one in Northern Ireland that is regulated, meaning its prices are directly controlled by the Utility Regulator. | The supplier is the only one in Northern Ireland that is regulated, meaning its prices are directly controlled by the Utility Regulator. |
It announced last week that it would be putting prices up by 4%. | It announced last week that it would be putting prices up by 4%. |
More than 93,000 households switched electricity supplier in 2024, which is down from the previous year. | More than 93,000 households switched electricity supplier in 2024, which is down from the previous year. |
However, the overall reduction in switching is a sign that the markets are stabilising after a number of volatile years. | However, the overall reduction in switching is a sign that the markets are stabilising after a number of volatile years. |
The regulator has said that is supported in the pricing data, which shows that, for most customers, prices have reduced. | The regulator has said that is supported in the pricing data, which shows that, for most customers, prices have reduced. |
The Utility Regulator also said the number of complaints made by electricity customers remained the same at more than 30,000. | The Utility Regulator also said the number of complaints made by electricity customers remained the same at more than 30,000. |
Complaints from gas customers rose in 2024, with the most common complaints relating to bills, payments, and customer service. | Complaints from gas customers rose in 2024, with the most common complaints relating to bills, payments, and customer service. |