Electric Ireland pulls out of NI residential electricity market [Yahoo! Finance]
SSE PLC S/ADR (SSEZY)
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Source: Yahoo! Finance
The firm's 53,000 customers do not have to take any immediate action though they will eventually have to move to another supplier. Electric Ireland said the decision was taken after a strategic review of its Northern Ireland business. The Dublin-based firm will continue to supply business customers in Northern Ireland. It has about a third of the business market. Electric Ireland entered the residential supply market in Northern Ireland in 2015 and currently has about 6% of that market . It is currently under investigation by the NI Utility Regulator for potential breaches of its licence. Last year, a significant technical fault affected thousands of Electric Ireland customers, leaving some without power. However it is not clear to what extent the investigation is related to that incident. The regulator is investigating eight potential breaches, including the handling of complaints and the provision of customer information. In 2020 Electric Ireland agreed to make a
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