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No gas price hike

BORD Gais Energy today announced its intention to maintain gas prices at their current levels for residential and small and medium business sectors from October.

Bord Gais said it made the proposal in a submission to the Commission for Energy Regulation. The proposal to maintain gas prices at current levels comes despite the significant increases in wholesale gas prices over the past year.

This will be the fourth consecutive price review without increasing costs to customers and equates to a cumulative decrease in gas prices of over 25pc since May 2009.