Top up before 1st April

A price cap is currently in place on energy until 31st March, with prices set to increase from 1st April 2023.  Updates and information on this can be found on the Ofgem site. 

Last week, however, BBC News online reported that Power NI customers will face a 14% increase in electricity prices from 1^st April.  A typical Northern Ireland household using electricity and mains gas will see their energy bill increase from the equivalent of £1,952 a year to £2,109. 

Good news for Budget Energy customers however, as it announced a reduction in its tariffs by 19% for prepay and bill-pay domestic customers from 1^st April, due to a decrease in wholesale energy costs. 

Electric Ireland also announced a decrease of 9.2% in their electricity tariff from 1^st April.  This follows a 23.9% tariff increase on 1^st January 2023.

Switching supplier 

Not everyone can switch their supplier but in some case it might be the best option to reduce costs.  Power to Switch "provide a free, impartial and independent service helping you find a better energy deal."  

Top up now and save in the long run 

Where it may be of benefit, depending on the energy supplier and their rates, customers could save money in the long run by topping up their pay-as-you-go meters now. 

Loyal Saver Loan at 3.9%  

Need some help topping up right now?  We offer members a Loyal Saver Loan at a highly competitive rate of 3.9%.  Ts and Cs apply.  If eligible members can take out this loan to the value of their savings (maximum £25K) over a period of 6 - 60 months.  You can find out how much a loan may cost you monthly by trying out our LOAN CALCULATOR here. 

Members can contact us Monday - Friday 9am - 5pm.   

Email creditunion@harpandcrown.co.uk or phone 028 9068 5198. 

“Save regularly and borrow only what you need.”

The Harp and Crown Credit Union provides safe, secure, flexible finances for the wider police family in Northern Ireland.