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04/09/2012
CER Approves Bord Gais 8.5% Price Increase
The Commission for Energy Regulation (CER) has approved an 8.5 per cent price increase in the Bord Gais Energy prices for its residential customers.
The increase will take effect from 1st October 2012.
The CER said: "The CER understands that increases may cause problems for many consumers given the prevailing very difficult economic circumstances. It very much regrets this, but notes that wholesale gas costs (in which the euro/sterling exchange rate plays a big part) are something that Ireland has no control over. In coming to a decision, the CER has ensured that only efficiently incurred costs are allowed to be recovered. Specifically it has disallowed €1.934m of the €24.128m actually requested by BG Energy to cover its supply costs. The CER would like to stress that there are a number of competing gas suppliers and encourages consumers to 'shop-around' for the best value."
(CD/GK)
The increase will take effect from 1st October 2012.
The CER said: "The CER understands that increases may cause problems for many consumers given the prevailing very difficult economic circumstances. It very much regrets this, but notes that wholesale gas costs (in which the euro/sterling exchange rate plays a big part) are something that Ireland has no control over. In coming to a decision, the CER has ensured that only efficiently incurred costs are allowed to be recovered. Specifically it has disallowed €1.934m of the €24.128m actually requested by BG Energy to cover its supply costs. The CER would like to stress that there are a number of competing gas suppliers and encourages consumers to 'shop-around' for the best value."
(CD/GK)
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