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Residential electricity price increase

17.09.12

From 15th October 2012 Bord Gáis Energy's residential electricity prices will increase by 4.8%, adding 99 cent per week to the average Bord Gáis Energy residential electricity bill. Despite this, Bord Gáis Energy continues to have the lowest standard electricity rate in the market.

The increase is driven by a number of factors including: the increase in transmission and distribution charges on the electricity network which were recently announced by the Commission for Energy Regulation (CER) and affects all suppliers; and the increase in the wholesale cost of gas, which is a key component in the production of electricity.

"Bord Gáis Energy regrets having to introduce this price increase which is due to factors beyond our control, such as a weakening euro and increasing international wholesale prices and networks charges. In the current climate, we know that many families are struggling to make ends meet, and we have therefore worked hard to minimize the overall level of the increase. We are committed to offering customers the best value that we can and will continue to have the lowest rate for standard electricity in the market,” said Dave Kirwan, Managing Director, Bord Gáis Energy.

In addition to the changes outlined above, the CER has approved an increase to the PSO levy to take effect from 1 October 2012.

For further information, please contact:

Larry Donald, Bord Gáis
087 258 1787

Christine Heffernan, Bord Gáis
087 050 5555

Note to editors:

Residential Electricity Price Changes

An increase of 4.8% will add 99 cent per week to an average electricity bill or €51.31 annually.

Previous residential electricity price changes:
May 2009 -11.3%
October 2009 -3.1%
October 2011 +12%
October 2012 +4.8%