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Tue, 07 Jul 2026

Tue, 07 Jul 2026 Budget Energy announces 9.5% price increase

Budget Energy NI says the rise is due to the "continued volatility" in wholesale energy markets.

* Budget Energy has announced a 9.5% price hike for customers on variable tariffs, effective from August 4.
* Customers on fixed-price tariffs will not be affected by this increase.
* The rise is due to "continued volatility" in wholesale energy markets and geopolitical tensions.
* Around 105,000 Budget Energy customers will be impacted by the price increase.
* The average annual electricity bill for a typical credit customer on a standard tariff would increase by around £122 per year.
* Anyone struggling to pay should contact their supplier, as switching payment methods or suppliers may save money.