UR consults on NIE payment security policy arrangements with suppliers

The Utility Regulator today publishes a consultation on NIE’s payment security policy (PSP) arrangements with suppliers.

A PSP requires suppliers to have in place payment security cover which allows NIE to recover some costs in the event of a payment default.

NIE is now proposing changes to the level of payment security cover outlined in the current PSP policy that was approved in 2006. The UR is therefore consulting and seeking stakeholder views on possible changes to the PSP.