While this increase is very regrettable, the cost of energy has been rising continually for the past two years and we can no longer continue to absorb these significant increases.
There are a range of factors driving the rising cost, including:
- High demand on gas around the world as economies recover from the Covid-19 lockdowns.
- A late cold spell over the winter added to the demand pressures.
- Delays to, and the subsequent halting of the Nordstream II pipeline from Russia to Europe has put pressure on the supply chain.
- Additionally, low storage, low winds and an increasing demand for gas due to coal and nuclear retirements are also having an impact on prices.
While this is a difficult time, Bord Gáis Energy has over 45 years’ experience in the energy market. We are part of the Centrica group and we promise to do our best to find a way through these unprecedented times with our customers.
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