Bord Gáis Energy to increase gas and electricity prices
Due to continued increases in wholesale energy costs, Bord Gáis Energy has today announced a price increase for residential gas and electricity customers.
The price changes, which will take effect from 6 August 2018, will increase a typical gas bill by €3.06 per month and a typical electricity bill by €5 per month. In percentage terms, this represents an increase of 4.7% on an average gas bill and an increase of 5.8% on an average electricity bill.
Mark Prentice, Managing Director, Bord Gáis Energy said; “Bord Gáis Energy regrets today’s announcement. This was a difficult decision to make but continued increases in wholesale energy costs have forced us to raise our prices.
'Bord Gáis Energy is committed to offering customers the best possible value for money and we have worked hard to minimise the increase as much as possible. This is only the second price increase since 2014 and follows three consecutive price decreases for both gas and electricity customers. We will continue to monitor costs and, as always, ensure that we offer our customers the best possible prices for their energy.’
Bord Gáis Energy offers customers savings on their household bills through its Rewards Club and to date Rewards Club members have saved over €10million. Existing customers can take advantage of an ongoing discount of 7% for dual fuel when they pay by direct debit and receive bills electronically. Also, with our new boiler services and gas bundle, existing customers can get 14% discount off their gas price when signing up to our 365 HomeCare boiler service.
Bord Gáis Energy also offers the Hive range of smart energy management products which allow householders to manage their own energy consumption more effectively. Hive Active Heating allows customers to control their heating and hot water from their phone or tablet, helping them to manage their home energy consumption more efficiently and reduce their bills.
- The above figures are based on typical usage as defined by the CRU; typical residential electricity customer with an electricity usage of 4,200 kWh per annum and typical residential gas customer with a gas usage of 11,000 kWh per annum.
- Today’s announcement includes a 5% increase in gas standing charge and 6.5% increase in electricity standing charge.
- The Commission for the Regulation of Utilities (CRU) recently announced a proposed decrease to the PSO levy of €3.43 per month. Once this comes into effect on 1 October, and considering the Bord Gáis Energy price change, a typical Bord Gáis Energy electricity customer will experience an increase of €1.57 in their monthly bill.