- £3 million donated to emergency relief scheme to support vulnerable customers.
- £3 million also contributed to reduce electricity tariffs for domestic and business customers.
Mutual Energy has contributed £6 million to help reduce Northern Ireland consumers’ energy costs and ease the burden caused by rising bills this winter.
The organisation has donated £3 million to a support scheme for those living in fuel poverty, administered by the Bryson Charitable Group. The funding will provide an average of around £200 per household of emergency financial support for electricity bills. This will help around 26,000 vulnerable customers in Northern Ireland. The funding will also provide longer-term intervention support to a smaller number of vulnerable households, such as supporting energy efficiency measures and providing financial advice.
Mutual Energy has also contributed a further £3million to help reduce electricity tariffs for all domestic and business customers in Northern Ireland.
Mutual Energy owns and manages critically important gas and electricity assets including the Moyle Interconnector, that links the electricity systems of NI and Scotland.
As a mutual organisation, it does not have shareholders and any money it earns is reinvested in its infrastructure and the maintenance of critical energy assets, for the long-term benefit of local energy users.
Speaking about the £6 million contribution, Paddy Larkin, Chief Executive of Mutual Energy said;
“Our aim as an organisation is to work in the best interest of consumers and given the rising cost of living, we have been able to help those most directly impacted by the current high energy prices. We are grateful to support the Bryson Charitable Group with extra funding, reaching those who need it most.
“We also have been able to apply £3 million to benefit domestic and business customers and we are pleased to report that it will be passed through the tariff system as a general reduction in the 2022/23 tariff year starting in October.
“As a mutual organisation we are committed to supporting consumers. The ongoing cost of living crisis and rising bills makes it all the more important that industry and suppliers come together to do all that we can to future proof our energy systems.”