Northern Ireland consumers will enjoy a 14% reduction in electricity prices from Power NI. Power costs will be cut from October 2012. The prices would remain the same for 12 months if the world fuel costs remain at the same prices. The reduction in gas and coal prices has resulted in the cost reduction. Stephen McCully said that “The cost of generation makes up about 65% of the customer’s bill. What we have seen over the last number of months is an easing in gas prices and also coal prices. Unless there are very wild fluctuations in world fuel prices we would be hopeful that we could hold these prices for a year. Unless there are very wild fluctuations in world fuel prices we would be hopeful that we could hold these prices for a year” Rate cuts will be for both small business and domestic customers. Power NI provides electricity to 84% of homes in Northern Ireland and 50% about half of all businesses. Northern Ireland is the upcoming power hub of Ireland. With companies from diversified sector setting up their facilities here, the place is seeing a surge of foreign workers. Get your profile evaluated for Irish immigration for FREE. Contact us on 1800 103 1555 or sms “VISA” to 56263 for immediate response. Share your thoughts and views on Ireland immigration on our Facebook page.