This will result in an average increase of c€0.35 per week on the average residential gas bill.
The price increase is primarily due to the increase in regulatory approved charges recently announced by The Commission for Energy Regulation (CER) which are outside the control of Electric Ireland. These charges are applicable to all gas consumers regardless of supplier and relate primarily to the networks costs of transporting gas over the gas networks system and into customers' homes.
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Jim Dollard, Executive Director, Electric Ireland said: "We regret that we have to increase our gas prices at this time. We are extremely conscious of the financial pressures facing our customers and we have tried to minimise this increase. The price change announced today is predominantly due to regulatory approved gas network costs. Electric Ireland continues to offer competitively priced gas products in the market."
(CD/JP)
