Sunday 22 April 2018

Electric Ireland to hike its gas prices by 2pc

ELECTRIC Ireland has announced that its gas prices are to jump by 2pc from 1 October.

The announcement comes just one day after Bord Gais was granted a similar rise. It is expected to add roughly €20 a year to the average gas bill.

Electric Ireland said the hike was “primarily due to the increase in regulatory approved charges recently announced by The Commission for Energy Regulation (CER) which are outside the control of Electric Ireland.”

These charges are applicable to all gas consumers regardless of supplier and relate primarily to the networks costs of transporting gas over the gas networks system and into customers’ homes, it added. 

Jim Dollard, Executive Director, Electric Ireland said: “We regret that we have to increase our gas prices at this time.  We are extremely conscious of the financial pressures facing our customers and we have tried to minimise this increase. 

“The price change announced today is predominantly due to regulatory approved gas network costs. Electric Ireland continues to offer competitively priced gas products in the market.”

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