SSE Airtricity to Cut Gas Tariff by 8% from April, But Volatility Persists
SSE Airtricity is set to reduce its gas tariff by 8% from April, a move that has been welcomed by the Consumer Council and the Utility Regulator. Raymond Gormley, head of energy policy at the Consumer Council, expressed optimism, stating, 'This indicates a gradual downward curve in wholesale energy prices.' However, Gormley also acknowledged the ongoing volatility in the energy market, attributing it to global geopolitical concerns.
The Utility Regulator echoed this sentiment, highlighting the decrease as a result of falling wholesale gas costs. Leigh Greer, head of market regulation, assured consumers that they would continue to monitor regulated tariffs to ensure any further cost reductions are passed on to customers. Despite the positive news, Greer also acknowledged the ongoing financial struggles faced by many households and businesses, offering support for those concerned about their energy bills.
An announcement regarding Firmus Energy's regulated gas tariff is anticipated within the week, adding further clarity to the energy market's dynamics.
