30% Electricity Price Hikes will Affect the Most Vulnerable People in Society - Boylan
Sinn Féin MLA Cathal Boylan commenting on reports over the weekend that NIE is set increase its prices by 30% has said that the most vulnerable people in our society will be worst affected by any price hikes.
Cathal Boylan said:
"The latest reported increase of 30% in electricity prices by NIE is set to come at a time of year when we normally see an increase in the price of home heating oil. This will add to the prices hikes we have witnessed over the past three or fours years.
"It will place a heavy burden on many families household budgets which are already over stretched and undoubtedly add to the ever growing problem of fuel poverty across the North.
"More and more people are experiencing financial difficulties as a result of rising prices and benefits / wages remaining the same.
"We need to be looking to work along with energy companies to bring forward a policy to introduce social tariff schemes.
"A social tariff would put in place reduced pricing for those on low incomes and pensioners. I believe we should also look at the South of Ireland where older people have significant support when it comes to energy costs.
"Energy companies also need to ensure that they protect the most vulnerable people in society from any threat to having their electricity supply cut off." ENDS