Updated 11.45pm
BORD GÁIS ENERGY has said that electricity prices are to go up from 1 March.
The company says outside factors are responsible for their decision to end their winter price freeze.
The rise will add around 50 cent to the average household bill, they say.
The company had absorbed what they called increased costs over the winter, but were now going to raise prices. They point to a weakened euro and “volatility in international wholesale energy costs”, which Bord Gáis Energy has absorbed over a sustained period.
Dave Kirwan, the managing director of Bord Gáis Energy says that the company were the last to raise their prices.
“Bord Gáis Energy regrets that any price increase is necessary but the factors driving this increase are outside our control.
“We continue to work hard to keep bills as low as possible, offering new and existing customers value for money and helping them to manage their energy costs, especially throughout the winter period.”
- First published 3.05pm
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