Bord Gais to increase its electricity prices
Thousands of householders who get electricity from Bord Gais will soon be paying more.
Bord Gais Energy's residential electricity prices will go up by 2.2pc from March 1.
The move will add an average €26 to an annual bill of some on the company's standard tariffs, and €25 to the annual bill for those with a 10pc discount deal.
The company has close to 300,000 residential electricity customers. The announcement was made just 24 hours after new player Energia entered the retail electricity and gas market.
After the price rise a family getting electricity from Bord Gais will face an annual bill of €1,094, according to calculations by Simon Moynihan of prices site Bonkers.ie.
Bord Gais blamed international wholesale energy prices and the weak euro for the rise.
Mr Moynihan said Energia will be the cheapest for electricity at €1,075.