After several months of skyrocketing gas prices, Northern Ireland’s largest supplier of natural gas, firmus energy, has announced it will be reducing its tariffs for customers in the Ten Towns Network area by 20.52% and by 17.60 % in the Greater Belfast network area, from 1st January.

This change will mean the average cost is cut by £8.83 per week in Ten Towns and by £7.92 in Greater Belfast.

The company said on an annual basis, this could mean that customers could save £460 and £410 on average respectively.

In addition, from 1st January, the government’s Energy Price Guarantee will further reduce the price customers pay by 3.893 pence per kWh, providing up to a further 27.60% reduction to the new tariff, firmus energy said.

Niall Martindale, Chief Executive Officer of firmus energy, said: “Throughout this challenging period, we committed that as soon as market conditions allowed us to lower our prices we would do so, and today we are pleased to confirm that prices will be reduced from January 2023.”