Friday 9 December 2016

Editorial: More power to energy providers' price wars

Published 11/02/2014 | 02:30

Roz Purcell and Sinead Duffy at the announcement of Energia's entry into the residential electricity and gas market.
Roz Purcell and Sinead Duffy at the announcement of Energia's entry into the residential electricity and gas market.

Competition is good, or at least that was what we were told when electricity and gas supplies were opened up to alternative providers. Sadly for consumers, it hasn't worked out like that in the utility sector. Gas prices have risen by 35pc in the past three years and electricity prices have increased by 25pc during the same period.

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So much for the competition.

Of course, there are a number of factors, some global – like the cost of oil and gas.

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