Final approach to the Power NI Supply Price Control 2025 published
| Published date | 07 March 2024 |
| Year | 2024 |
| Energy Sector | Electricity Networks |
Power NI
Supply Price Control 2025
UR Approach
March 2024
About the Utility Regulator
The Utility Regulator is the economic regulator for electricity, gas and water in Northern
Ireland. We are the only multi-sectoral economic regulator in the UK covering both energy and
water.
We are an independent non-ministerial government department and our main duty is to
promote and protect the short- and long-term interests of consumers.
Our role is to make sure that the energy and water utility industries in Northern Ireland are
regulated, and developed within ministerial policy, as set out in our statutory duties.
We are governed by a Board of Directors and are accountable to the Northern Ireland
Assembly.
We are based at Queens House in Belfast. The Chief Executive and two Executive Directors
lead teams in each of the main functional areas in the organisation: CEO Office; Price
Controls, Networks and Energy Futures; and Markets and Consumer Protection.
Abstract
Audience
Consumer impact
This paper sets out Utility Regulator's (UR) approach to the next supply price control for
Power NI (SPC25) which is due to begin 1 April 2025. This is the first in a series of
documents which UR will publish in relation to the Power NI SPC25 price control. This paper
sets out the high-level approach we will adopt in relation to the main areas within the control
including: structure and form; scope and coverage of regulated tariffs; duration of control;
operating cost levels and allocations; and allowed margin.
Consumers and consumer groups; industry; and statutory bodies.
This paper sets out UR's approach for the Power NI SPC25 price control. The regulated price
control applies to the domestic consumer sector only and sets future revenues and tariffs
forming circa 7% of a typical domestic consumer electricity bill (based on average domestic
bill at July 2023).
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