Tuesday, September 03 12:09:22
It could a winter of discontent for Irish families after regulators have approved a price hike for energy bills. Bord Gais was granted an increase in October, with its competitors surely set to follow suit.
Bord Gais was give the OK to raise prices by 2 percent by The Commission for Energy Regulator (CER), and this increase will add close to E20 a year to the average bill for the company's 380,000 gas customers.
The gas supplier that is state owned had sought a 7 percent increase in prices but they will have to make do with just 2 percent for now. The new rise is set to come into effect on October 1, just two weeks before what is expected to be another harsh Budget.
The regulator has come in for harsh criticism of late when it granted Bord Gais an 8.5pc rise last year, even though it initially sought a rise of 7.5pc.
This is following huge increases in 2011 and has meant that domestic gas prices have increased by a third in the last couple of years. This cost equates to an increase of almost E500 in the cost of energy bills.
Speaking to the Irish Independent Bord Gais's Dave Kirwan said they regret the price increase but insists, "it's necessary and although networks tariffs are beyond our control, we continue to do everything we can to deliver good value for our customers".