First gas price increase in two years
Due to continued rising wholesale energy costs, Bord Gáis Energy has today announced a price increase for residential gas and electricity customers.
The price change will increase a typical gas bill by €8.36 per month and electricity bill by €11.39 per month and will take effect from 8 August 2021. In percentage terms, this represents an increase of 12.7% on an average gas bill and 11.6% on the average electricity bill.
Dave Kirwan, Managing Director, Bord Gáis Energy said; ‘There have been sustained wholesale market increases over the past six months and, unfortunately, we now have to reflect these higher costs in our gas and electricity prices. We have sought to mitigate this impact and have not taken this decision lightly but the wholesale pressures are a market challenge outside of our control.
We have been working hard to avoid increasing prices for as long as possible. This is our first gas price increase in over two years; we reduced gas prices in October 2019 and maintained at that level through two consecutive winters. In addition, Autumn 2020 saw the introduction of our price pledge to freeze both gas and electricity prices during the colder winter period, despite rising network and system costs.
Bord Gáis Energy is committed to providing the best value possible, but we can no longer continue to absorb rising wholesale gas and electricity costs.
The past 18 months have been difficult for everyone and we have worked closely with our customers to support them as much as possible. We continually encourage anyone facing difficulty to engage with us and we will work together to develop a suitable payment plan.’
Existing Bord Gáis Energy customers can avail of a competitive loyalty price plan and unmissable offers through the Rewards Club.
Bord Gáis Energy continues to help customers make better energy choices by investing in sustainable business practices and solutions for a low carbon future. The company offers a range of initiatives including EV chargers, Demand Side Management, and HIVE smart energy devices and in recent months launched a range of innovative smart plans and Ireland’s first green dual fuel price plans.
About Bord Gáis Energy:
Established in 1976, Bord Gáis Energy is an energy supply and services company with a strong Irish heritage. In 2014 the company became part of Centrica plc, a leading international energy services and solutions provider that is founded on a 200-year heritage of serving people. Bord Gáis Energy supplies energy and services to hundreds of thousands of homes and businesses in the Republic of Ireland.
Notes to editor:
Today's announcement includes:
- 14% increase in gas unit rate and standing charge and which equates to 12.7% on the average bill.
- 12.5% increase in electricity unit rate and standing charge and which equates to 11.6% on the average bill.
These figures are based on electricity usage of 4,200 kWh per annum and is based on the typical residential gas customer with a gas usage of 11,000 kWh per annum. Typical usage is as defined by the Commission for Regulation of Utilities (CRU).