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Bord Gáis Energy announce second price cut in 8 months.

09.09.15

  • Gas unit rate reduced by 2.5%
  • Electricity unit rate reduced by 2.0%
  • Reduces average household energy bill by €44.59
  • Brings total reductions this year to almost €100

9 September 2015: Bord Gáis Energy has announced today that it is cutting prices for the second time this year. Bord Gáis Energy customers will have the unit rate of gas cut by a further 2.5% and the unit rate of electricity by a further 2.0%.

These cuts will reduce the average household energy bill by €44.59 and this follows price cuts announced earlier this year which saved customers €54.38. These new rates mean that Bord Gáis Energy will be offering the lowest standard unit rates in Ireland for electricity, gas and dual fuel.

The reductions to customers today have been announced despite regulated network charges increasing across both gas and electricity.

The changes will come into effect from 1 October 2015 for residential gas and electricity customers. The reductions represent an annual saving of €20.25 on an average customer's gas bill and €24.34 on an average customer's electricity bill. Dual fuel customers will see an average annual saving of €44.59.

Dave Kirwan, Chief Operating Officer, Bord Gáis Energy said, “In announcing a reduction to our prices today we are doing what we said we would do in January 2015; passing on wholesale cost savings to our customers as soon as we can. Combined with our January price cut, today’s announcement brings the total annual savings for Bord Gáis Energy dual fuel customers to almost €100, and we hope this will help our customers budget their winter energy bills.”

Today’s announcement follows on from recent initiatives by Bord Gáis Energy to bring great value to customers including the launch of Hive Active Heating and the Back to School and Bundle Bonus campaigns.


Price Change FAQ's

As the helpful energy company we are happy to announce a price decrease for ALL of our Residential Gas and Electricity customers. For residential gas customers unit rates will decrease by 2.5% and for residential electricity customers unit rates will decrease by 2.0%.

How much is the reduction off an average gas bill?
The average gas bill will reduce by €20.25 per year*

How much is the reduction off an average electricity bill?
The average electricity bill will reduce by €24.34 per year*

How much is the reduction off an average dual fuel customer?
The average saving will be €44.59 per year*. Combined with our first price cut in January, today’s announcement brings the total annual savings for Bord Gáis Energy dual fuel customers to almost €100.

Where does this position Bord Gáis Energy in the gas, electricity and dual fuel markets?
These new rates mean that we will be offering the lowest standard unit rates in Ireland for electricity, gas and dual fuel.

I am on a fixed rate plan, will I benefit from these changes?
Yes. Customers that have signed up to any fixed rate plan have the option of committing to new fixed rate plan, at the reduced rate, without penalty. Find out more about our fixed rate plans here.

I am on a 1 or 2 year variable contract, will I benefit from these changes?
Yes, your rates will automatically decrease from 1 October 2015. You do not need to take any action.

How do you arrive at this particular discount?
The energy being used by our customers today has been bought over a year in advance. This insulates our customers from short term pricing volatility. We are now seeing benefits from reductions in wholesale prices and we always pass these on to our customers.

What action do I need to take to receive this reduced rate?
Standard rate customers don't need to take any action. The reduced rates will be applied from 1 October 2015 and will be automatically applied to your bill.

Fixed rate customers should inform us if they wish to commit to a new fixed rate plan at the reduced rate. There will be no penalty for customers in doing so.

Will the Standing Charge change?
No, there is no change to the standing charge on gas and electricity despite the recently announced increase in regulated network charges for gas and electricity.

Will PSO on electricity bills or Carbon Tax on gas bills change?
The Commission for Energy Regulation recently announced that the PSO Levy will fall for all households and businesses from 1 October 2015. Domestic customers currently pay €64.37 per year in addition to their electricity usage charges for the PSO Levy. This is set to fall to €60.09 (excluding VAT), a reduction of €4.28 per year. As the PSO Levy is liable for VAT, the total applicable saving for customers is €4.86. For more information on this visit www.cer.ie

We are not aware of any change to the Carbon Tax, which is also set by Government.

* Average savings quoted are per annum and are VAT inclusive. Electricity savings are based on average electricity usage of 5,300 kWh on a Residential Urban 24 hour tariff. Gas savings are based on average gas usage of 13,800 kWh as per CER. Savings quoted are based on annual average usage but actual savings will depend on actual usage.

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