Manufacturing NI Welcomes Review Of Commercial Electricity
Manufacturing NI have welcomed the announcement by the Enterprise Trade and Invest Committee that they are to hold a review into commercial electricity prices in Northern Ireland. On 6th June the association brought its case to the DETI Committee asking for the establishment of a ‘Forum of expertise’ to help address a crisis which threatens to stifle the economy. The organisation, which was represented by Harland and Wolff, Bombardier, Michelin and Irwin’s Bakery, told the committee that the lack of a strategy to deal with rising costs is no longer acceptable, and that the disparity in costs with other regions is growing, rather than easing.
Following its meeting on 20th June , the Northern Ireland Assembly Committee for Enterprise, Trade and Investment announced that it will undertake a review of electricity policies in Northern Ireland. Speaking after the meeting, Committee Chairperson Patsy McGlone MLA said: “Following the electricity price increase announcements last month by Power NI and Airtricity, the Committee invited various key stakeholders in the electricity industry to give evidence to the Committee on this issue including Power NI, the Utility Regulator and Manufacturing NI. Since then, the Committee has decided that it is appropriate to look at the existing electricity pricing policy for business and domestic consumers and issues relating to security of supply.” “We must look at pricing policy for large industrial and commercial consumers who pay more for their electricity than their counterparts in the South, despite that fact that we are operating in a Single Electricity Market.” Mr McGlone concluded: “The Committee will produce recommendations to improve consumer confidence in our electricity policies and industry.”
Manufacturing NI Chief Executive Bryan gray said “We welcome the Committee's decision to carry out a review of the cost of power in Northern Ireland, which is a key factor in the competitiveness of Northern Ireland companies and a barrier to the rebalancing of our economy. We are delighted that the Committee have acted so decisively on our proposal that commercial energy costs need to be investigated and look forward to hearing their findings in the near future”