Thats Gas-Board Gais Drop Prices
Updated : Aug 5, 2009
Bord Gais yesterday revealed plans to slash its prices by almost 10% knocking €76 off household bills a year.
The company, which is already fighting for customers to switch to its cheaper electricity supplies, said the cuts could come into effect from October.
David Bunworth, Bord Gais Energy managing director, said the move will see the second cut in gas prices this year.
“When you combine this reduction with the savings Bord Gais Energy announced in May 2009, we will see average gas prices drop to levels that are 22% below the typical bill in 2006 – customers are getting considerable value just at a time when they need it most,†he said.
“Gas prices are affected by global oil prices and the international energy markets and this proposal reflects the opportunity to pass on reductions to our customers.â€
Bord Gais said the price cuts will slash household bills by 9.3% on average while costs to small and medium businesses will come down by an average of 13.6%.
The company said its reductions have brought gas prices down around a fifth this year.
The price cut proposal has been submitted to the Commission for Energy Regulation (CER).
The proposed reductions are subject to the approval of the CER and a final determination is expected from the Commission in early September for implementation from October 1.