Martin Lewis' MoneySavingExpert warns 53,000 households will have electricity 'stopped'

James Rodger
·2-min read

Martin Lewis' Money Saving Expert has warned Electric Ireland is poised to stop supplying homes in Northern Ireland. The BBC and ITV star's MSE team has circulated a warning for thousands of electricity customers over the planned changes.

If you get your electricity from Electric Ireland, you'll have to switch in the future, as the provider will stop supplying all 53,000 of its household customers in Northern Ireland over time. The Northern Ireland Utility Regulator also told MoneySavingExpert.com that it's working with Electric Ireland to ensure consumers are "protected and kept fully informed" throughout the process.

The company is the third largest supplier in Northern Ireland, with over 50,000 domestic customers. In a statement, the Irish-owned company said: “Electric Ireland has completed a strategic review of our residential business in Northern Ireland.

READ MORE New Majorca rules over posting on social media will 'deter' UK tourists

“As a result of this review, we will be focusing exclusively on the business market and, over time, our intention is to no longer serve the residential market. Electric Ireland will continue to supply and support our residential customers during this transition.”

The company has not provided a timescale for the process, although a spokesman for the firm, which is owned by ESB Group, said: “Electric Ireland will engage directly with customers in the coming weeks and months.” A spokesperson said the firm would be working with other parties including the Utility Regulator, and with its residential customers, to take a “managed approach”.

"During the process, Electric Ireland will continue to supply our c53,000 residential customers, equating to c6% of the market. We understand and appreciate that this news may be unsettling for some customers and so it is important to stress that there is no immediate change," they added.

"There will be no interruption in supply to Electric Ireland customers and they do not need to take any action. Electric Ireland will contact them directly in due course.” The spokesman added: “Electric Ireland’s staff supporting residential customers in Northern Ireland have been briefed and there are no immediate job losses planned.

"We will continue to engage with and support staff and customers throughout this transition.” A spokesperson for the Consumer Council for Northern Ireland said: “The Consumer Council will continue to work with Electric Ireland and the Utility Regulator to ensure that its customers are not negatively impacted and that a smooth exit process occurs.

“Electric Ireland customers will not be impacted at this time. Customers will continue to receive their electricity supply as normal, and they will remain Electric Ireland customers until further notice. There is no need for customers to contact Electric Ireland at this stage. Electric Ireland will engage with their customers directly to inform them of their decision to stop supplying domestic electricity in Northern Ireland, and explain what options are available to impacted customers.”

  • Up next
  • Up next
  • Up next
  • Up next

Latest stories

  • Investigation after Ryanair Boeing 737 Max plunges 2,000ft in 17 seconds during flight to London Stansted

    An investigation was launched after a Boeing 737 Max flown by Ryanair plunged at alarming speed during its final approach to London Stansted Airport, it has emerged.Flight data reveals that on December 4 last year, flight FR1269 dropped more than 2,000ft in a mere 17 seconds.

  • How Putin handed America the keys to the world’s energy market

    It did not take long for Vladimir Putin’s invasion of Ukraine to reshape the world’s energy markets, as countries long reliant on Russian gas sought to sever ties as soon as possible.

  • The North Sea could be finished under Labour

    David Latin is losing his patience. The chairman of Serica Energy has worked in the oil and gas industry for more than 30 years. He once ran a company that drilled in a war zone.

  • Aramco close to agreeing 10% stake in Renault, Geely thermal engines JV, sources say

    PARIS (Reuters) -Saudi Aramco is set to take a 10% stake in a thermal engine joint venture between Renault and China's Geely called Horse Powertrain, said two sources familiar with the matter, beefing up a business supplying legacy automakers as electric-vehicle sales slow. The agreement to take a 10% stake in the Horse Powertrain business, first reported by Bloomberg, is lower than the stake of around 20% which was cited by sources at the beginning of discussions. The transaction would value Horse Powertrain at around 7.4 billion euros ($7.92 billion), said one of the sources.

  • Sunak and Starmer undermining Britain’s energy security, says oil company

    Rishi Sunak and Sir Keir Starmer are destroying the offshore oil industry and undermining Britain’s energy security, a leading oil and gas company has said.

  • The List of Money Managers Axing Oil Stocks Just Got Longer

    (Bloomberg) -- There’s a growing list of institutional investors in Europe who are stripping oil and gas stocks out of their portfolios, in a move they say reduces the risk of ending up with stranded assets and financial losses.Most Read from BloombergGavin Newsom Is Ready for the Biden EmergencyThe Question on Democrats’ Minds: How to Replace Biden?Biden’s Disastrous Debate Accelerates Doubts Over CandidacySupreme Court Overturns Chevron Rule in Blow to Agency Power‘I Was Afraid of This’: Biden

  • Electric vehicles lead ‘massive change’ in UK factories

    Electric vehicles made up almost two fifths of all new cars produced in the UK in May, according to new figures, as 26,475 models rolled off factory lines.

  • 3 Swedish Dividend Stocks With Yields Ranging From 3% To 4.4%

    As global markets navigate through a landscape of moderate gains and shifting investor sentiments, Sweden's market remains an interesting area for those interested in dividend stocks. In the current economic environment, selecting stocks with reliable dividend yields could be a prudent strategy for investors looking to generate steady income.

  • The Largest Publicly Traded Industrial Company In The US

    We recently compiled a list of the 20 Largest Publicly Traded Industrial Companies In The US and in this article, we will be looking at the largest industrial company in the US. Manufacturing In the US: At A Glance The manufacturing sector is a strong pillar of the US economy. According to the data from the […]

  • Aircraft delivery delays 'brutal' - Lufthansa CEO

    STORY: Aircraft delivery issues are having a "brutal" impact on Lufthansa, and won't be resolved before the end of the decade.That's according to CEO Carsten Spohr, speaking at a business press club in Stuttgart late Thursday (June 27).He said the aircraft shortage could be costing Lufthansa some $535 million a year - although he did not provide an exact figure.The German group has ordered 250 new aircraft from Airbus and Boeing to modernize its fleet.Those deliveries are scheduled between this year and 2029, but Spohr said, "no plane arrives on time." He added around 100 of Lufthansa's 750 aircraft were grounded either for maintenance reasons or because they'd been decommissioned.Earlier this week, Airbus lowered its forecast for deliveries this year to around 770 jets from around 800. The announcement came with growing doubts among suppliers over its jet output as Airbus grapples with parts shortages.At rival Boeing, a series of incidents have raised regulatory scrutiny of the U.S. manufacturer.It's added to delays in deliveries that originated during the pandemic.

  • Oil prices settle higher on supply disruption jitters amid geopolitical tensions

    Investing.com -- Oil prices settled higher Thursday as rising Middle East tensions stoked worries about global supplies disruptions, overshadowing data from a day earlier showing a surprise build in U.S. inventories.

  • What Trump And Biden Really Mean When They Fight About Electric Vehicles

    The argument is about a lot more than Detroit and cars.

  • Renewables surge: Green energy made up the majority of the EU’s electricity in 2023

    Wind and solar power increases combined with a sharp drop in fossil fuels pushed renewables into the lead.

  • Exclusive-Poland's Orlen warned three gas companies it could seize Gazprom payments, sources say

    WARSAW (Reuters) -Poland's biggest energy company Orlen warned gas companies in Hungary, Slovakia and Austria that it could seize their payments for imports from Russia's Gazprom, sources familiar with the matter said. The warnings, in letters sent over a month ago, are linked to claims for losses Poland incurred after being cut off from Russian supplies in 2022, two sources with knowledge of the letters told Reuters. Poland was cut off for not paying in roubles as Western nations imposed sanctions on Russia following its invasion of Ukraine.

  • How to tackle your medical debt

    A recent KFF report reveals that 41% of Americans are burdened with medical debt. Monique White, Self Financial financial expert and head of community, joins Wealth! to share valuable insights for addressing this widespread issue. White emphasizes the importance of taking a proactive approach to medical debt. She points out a key fact: hospitals typically have an 18-month window before they can report medical debt on your credit report, and they are prohibited from reporting any amount less than $500. To tackle medical debt effectively, White outlines three key strategies. She advises thoroughly reviewing your medical bills for accuracy, reaching out to healthcare providers to establish manageable payment plans, and educating yourself about your rights regarding medical debt. By following these steps, individuals can better navigate and potentially reduce their medical debt burden. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith

  • 3 Key German Dividend Stocks Offering Up To 7.1% Yield

    Amidst a backdrop of modest gains in global markets and easing political uncertainties in Europe, the German market has shown resilience with a notable 0.90% increase in the DAX index. In this environment, dividend stocks remain a compelling option for investors seeking steady income streams, particularly when considering Germany's robust industrial performance and favorable economic indicators.

  • Top Hong Kong Dividend Stocks To Watch In June 2024

    As of June 2024, the Hong Kong market has shown resilience with the Hang Seng Index posting modest gains amidst a mixed economic backdrop, characterized by robust retail sales growth and ongoing challenges in the real estate sector. In this context, dividend stocks continue to attract attention for their potential to offer investors steady income streams in a fluctuating market environment.

  • Australian gold mining: Boon or bubble? UBS analysts weigh in

    Investing.com - UBS analysts noted on Wednesday that the performance of the Australian gold mining industry might be "too good to be true."

  • Repsol explores sale of minority stake in South Texas oil assets, sources say

    Spanish oil major Repsol plans to sell a minority interest in its Eagle Ford shale assets in South Texas, in a deal that could value the assets at up to $2 billion, three sources familiar with the talks told Reuters. The sources said Repsol has hired Scotiabank to assist with the process, and aims to bring in a partner or partners to hold so-called non-op positions, earning a cut from sale of hydrocarbons while paying a share of operating costs. The non-op partners are not responsible for oil and gas extraction or other day-to-day operations.

  • Namibia Is Gearing Up for a Major Oil Boom

    Namibia's recent oil discoveries, particularly Galp's Mopane find, have sparked a surge in interest from major oil companies, with potential reserves rivaling Guyana's.