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Residential gas price increase

04.09.12

The Commission for Energy Regulation (CER) today announced that gas prices for Bord Gáis Energy's residential customers will increase by 8.5 % from 1st October.

The decision by the CER follows a rigorous review of Bord Gáis Energy’s costs that covered gas commodity, transportation, operations and capital expenditure costs.

The increase is driven by a number of factors: the fall in the value of the euro against sterling over the past 12 months; the rising cost of gas on the UK market; and increased network tariffs as a consequence of higher financing costs and a reduction in gas demand.

Bord Gáis Energy recognises that price increases have an impact on customers, particularly in these difficult times, and we are committed to working with customers to help them to manage their bills. We offer payment plans, Pay as You Go Meters and our Level Pay payment option that allows customers to improve budgeting by spreading their energy payments over the course of the year.

For further information, please contact:

Larry Donald, Bord Gáis
087 258 1787

Christine Heffernan, Bord Gáis
087 050 5555

Notes to editors:

Residential Gas Price Changes

An increase of 8.5% will add €1.36 per week to an average gas bill or €70.66 annually.

Previous residential gas price changes:
May 2009 -11.2%
October 2009 -9.3%
February 2010 -7.3%
October 2011 +21.72%