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Statement from Bord Bord Gáis Energy

29.07.10

Bord Gáis Energy today announced its intention to maintain gas prices at their current levels for Residential and SME sectors from 1st October 2010 in a proposal submitted to the Commission for Energy Regulation (CER).The proposal to maintain gas prices at current levels comes despite the significant increases in wholesale gas prices over the last 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 25% since May 2009. Bord Gáis Energy is also calling on the CER to publish a roadmap to gas deregulation as soon as possible to enable Bord Gáis Energy to actively compete on price which will ultimately benefit customers.

Bord Gáis Chief Executive, John Mullins, stated: "We are pleased that despite an increase in wholesale energy prices, we are able to maintain prices at their current level. We look forward to being able to provide more value to our customers on a dual fuel basis when the gas market is fully deregulated."

A final determination on gas prices will be made by the CER in early September 2010.

Contacts

Stiofáin MacDháibhéad,
Bord Gáis Energy
Tel: 087 799 1206
smacdhai@bordgais.ie
www.bordgaisenergy.ie

James Dunny,
Fleishman Hillard
Tel 086 388 3903