How EU deal could cut NI electricity prices

The prime minister this week continued to strengthen the bonds between the UK and the European Union.

Sir Keir Starmer moved the UK closer to participation in an EU loan scheme for Ukraine, which could unlock opportunities for UK defence companies.

Another potential deal in the pipeline between the UK and EU over electricity could see cheaper energy bills for Northern Ireland households.

NI’s energy regulator has recently told MPs that one inadvertent consequence of Brexit is that electricity in NI is more expensive than it should be.

In a joint statement with the European Commission President Ursula von der Leyen, both she and Sir Keir said they looked forward to a UK-EU summit later this year, where an electricity deal could be discussed.

“We agreed on the importance of being ambitious in what we could achieve together for the benefit of both sides,” they added.

But could those potential benefits see cheaper electricity bills in NI?

Why does an electricity deal matter for NI?

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