Northern Ireland’s electricity supplier, Power NI, has announced a 6.3 percent price decrease due to a drop in wholesale market costs.

The company said that a review of its residential unit price led to the cut, which is about 2p per unit.

This change will start from April 1, and it means customers will save an extra £64 per year on average.

William Steele, director of Power NI Customer Solutions, said this is the fourth time in a row that the supplier has reduced its tariff.

“As wholesale prices in the global market have fallen, Power NI has been able to deliver yet another decrease in unit prices for our customers, with our fourth consecutive tariff reduction,” he said.

“Despite market volatility we have been able to keep our tariffs below the equivalent Great Britain and Republic of Ireland average, enabling us to continue to provide stability and delivering hundreds of pounds in savings for local households over the last year.”

“We are continuing to work closely with our charity partners and other key stakeholders across our local communities to provide support to those in need. We have a range of support available from tariff advice to energy saving tips and account support, so if anyone is worried about paying bills, please contact us directly, we are here to help.”