CORK North West TD Michael Moynihan (FF) says the announcement that Bord Gáis has been granted a 8.5% price hike calls into question the performance of the energy regulator and Department of Communications, Energy and Natural Resources.
Bord Gáis applied to the Commission for Energy Regulation (CER) for a 7.54% rise in its residential gas tariffs from October but it was announced today that an increase of almost 1% extra has been granted.
"The announcement that Bord Gáis has been granted a price hike of almost 1% over what they asked for raises serious questions about the performance of the energy regulator.
"Over the past 12 months, Bord Gáis has been able to increase its gas prices by a whopping 30%.
"The role of the regulator must be to protect the interest of consumers. Incredibly, the state regulator has not only acceded to the utility's request but went above and beyond the price increase sought," said Moynihan.