Bord Gais announces huge rise in electricity prices
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Bord Gais announces huge rise in electricity prices
"Bord Gáis Energy and Pinergy have joined Energia, Flogas and SSE Airtricity in raising its prices this year. Electric Ireland is not increasing its electricity prices. Unit rates and standing charges are to rise for Bord Gáis Energy's 350,000 electricity customers from October 12, just days after the Budget. Unit rates will rise by 13.5pc, one of the highest increases seen in the market so far, adding €218 to the average annual bill. The standing charge is also going up."
"Pinergy is to hit its 28,000 customers with a rise of close to 10pc, from October 13. This will add €199 to the typical annual bill. Residential microgeneration payments, for those with solar panels, will also remain at 25c per kWh. Earlier this week Electric Ireland said it was cutting its gas prices and is leaving its electricity prices unchanged in a surprise move."
Bord Gáis Energy and Pinergy joined Energia, Flogas and SSE Airtricity in raising prices this year. Bord Gáis Energy will raise unit rates by 13.5% and standing charges by 12% for 350,000 electricity customers from October 12, increasing an average annual bill by €218. Bord Gáis cited rising network costs, wholesale market impacts and higher business costs. Bord Gáis Energy gas prices for 270,000 customers remain unchanged and the company retains the lowest gas standing charge. Pinergy will raise prices by close to 10% for 28,000 customers from October 13, adding about €199 annually. Electric Ireland cut gas prices and left electricity unchanged.
Read at Irish Independent
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