Energy suppliers Phoenix Supply hold prices for NI customers - 16/09/2010
Northern Ireland energy suppliers Phoenix Supply have announced plans to implement a price freeze for customers.
The company pledged to maintain tariff prices for its 130,000 domestic and business energy customers from the beginning of October.
The announcement comes in spite of a relatively unpredictable energy market and price hikes in wholesale energy prices over the last few months.
Phoenix Supply engaged in consultations with the Utility Regulator, the Consumer Council for Northern Ireland and the Department of Enterprise, Trade and Investment before making the announcement.
David Strahan, managing director of Phoenix Supply, said: "Despite recent increases in wholesale energy prices on worldwide commodity markets, we are pleased that we have been able to maintain prices for our customers at their current level."
Last year, Phoenix Supply reduced tariffs by a total of 36.9 per cent following rises of 28 per cent in April the same year and a 19.2 per cent hike in the autumn of 2008.
If you want to find out more about your energy options and how you could save up to £468 in minutes, click here.
Save up to £300 on your gas & electricity bills at energyhelpline.com
Compare prices from all energy suppliers to find your best deal