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Dublin: 10 °C Wednesday 22 May, 2013

Bord Gáis to announce large hikes in electricity and gas prices

The increases will push average household bills up by more than €300 a year, according to reports.

Image: Andrew Milligan/PA Archive/Press Association Images

BORD GÁIS ENERGY is set to increase its electricity prices by more than ten per cent and gas prices by 20 to 30 per cent in the coming weeks.

The moves will mean average customers’ bills increase by more than €300 a year, according to the Irish Times. The announcement on electricity is expected this week, while the company will soon also ask the energy regulator for clearance to hike gas prices by around a quarter.

Bord Gáis is understood blamed the price increases on rising oil and gas costs internationally, insisting it has been forced to pass the changes on to customers. In a May annual report – when it also announced a profit of €120million – the company warned that it would seek to increase both electricity and gas price levels. However, this morning a spokesperson told RTE radio that reports about pricing were “speculative”.

The Consumers’ Association of Ireland told the Irish Independent that Bord Gáis had “hoodwinked” customers into changing supplier after promising lower bills in a high-profile advertising campaign. Chairman Michael Kilcoyne said: “People were promised a huge reduction in prices after being subjected to a hard sell. Now that is being taken away from them.”

Rival energy suppliers Airtricity and ESB are likely to follow suit with their own price hikes, according to the Irish Times.

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Comments (32 Comments)

  • Eh rising Gas prices internationally?
    Dont we get it from our own sources in the Atlantic?

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  • The gov should decrease vat on elec and gas so that they don’t get more tax when the price goes up. For the less well off, Reducing vat on gas is more important than decreasing it on restaurants.

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  • Wow, just wow. The Irish consumer is facing increased mortgage interest, additional taxes and levies for services, increased insurance prices and now this with the ESB to follow. Anyone who believes (as in the government) that citizens can bear this and further austerity is deluded. Something has got t give!

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  • These companies are profit making enterprises they will charge what they can get away with. Look in how many different ways have we to be beaten over the head with increased taxes,reduced services and increased prices before we see how unimportant we as citizens and it is only vested interested groups which get the politicians ear. Smoke and mirrors folk. Think for your self and your community and not for the vested interested

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  • God forbid the government would consider putting money into using the wind and water resources we have plenty of to secure a bright and warm future!!!
    Hmmm..they are all on the profit boat and it is us, the minions that float them

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  • in a small country like Ireland, a 120 million profit for any company during a recession is something they should be grateful for but they want more. They know they have the Irish people trapped. We only have a choice of 3 providers and they all increase their prices whenever one of them increases it. There is no competition. Does any of these companies realize how small Ireland is?

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  • We still have at least 4 more austerity budgets to go through. Rip off ireland is dead, it’s bend over and take it Ireland that is alive and well.

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    • we the irish are to quite.if this happend in france or greese we would shut the country down for 48hours.its time we stood up instead of talking bout it.

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    • My only issues with the Greek and French is that as much as they like a protest they also like a riot. If you riot then that moves the focus of attention away from what is important and in the end gets you nowhere. I’m also not sure what use a peaceful protest is in a country like Ireland. On top of that who the heck organises a protest? Unions? Local politians? The only true protests are from grassroots campaigns but most of these are for very local issues like shell to sea or roscommon hospital. How do you have a nationwide grassroots protest without the riot and/or any other dilutant or hidden agenda. I’m thinking Libertas and Lisbon treaty here.

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  • rip off ireland is alive and well.when are people going to stand up and say enough is enough.we cant give what we havent got.from new taxes to higher esb bills.where does it stop…..

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  • No wonder Ireland will remain noncompetitive whilst energy companies increase prices both on the consumer & business.

    YET, the present administration, IBEC et al, all harp on about the need for pay-cuts to the ordinary hard pressed people out there.

    As long as these shenanigans continue, by taking more and more money out of the local economy, we will continue to ‘flat-line’ on economic growth.

    The Government should deny these price increases, as the public were promised that competition would reduce costs and benefit the consumer.

    Must we backtrack on everything?? Abolish the Energy Regulator now and let proper competition take place and as with any industry, the strong and innovative will survive…

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  • Absolute scum of the earth! The rich get richer and the poor get poorer.

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  • rather than complaining, I’ve just switched to Airtricity from Bord Gais this morning.
    The Big Switch works both ways!

    As Lucy suggests, it’s very easy

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  • time for the big switch part 2

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  • Huey 11/07/11 #

    #maketheswitchback

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  • the cost of living continues to sky rocket though fg would like to continue to slash our income

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  • The Government can fix gas and electricity costs during these hard times !

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  • This announcement – along with the €120 MILLION PROFIT mentioned – makes me sick to the pit of my stomach.

    I recall their ads boasting ’200,000 people have made the big switch’. Well, we need to all switch away again – I will be – then they will have NO customers to charge.. Let’s face it, they don’t deserve any. It won’t be about cost-saving – but registering our disgust…
    .
    How about it folks? It’s called people power – pun intended.

    #maketheswitchback

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    • Having seen similar happen in the UK years ago im not suprised at this increase. Yes Gina everyone should switch away and while they are at it move money from these bailed out banks that give huge bonuses out to their fat cat bosses People power is the only way.

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  • Absolute scumbags. Didn’t Lucy ‘dont speak with ur mouth full’ Kennedy advertise for them? Anything involving that ‘woman’ is beneath contempt.

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  • Just ridiculous the scandalous way we as a country are being fecked left right and centre. The government have yet to hold anybody to account for the banking crisis. The energy regulator is about as good as the banking regulator all talk and no balls they just roll over and let the corporations feck us all. Just when you think things can’t get much worse our government are still going to the EU and going to get our interest rate on the bailout cut when????? Not a hope in hell. Electricity gas I think it’s time to stop the country I want to get off it. It’s time for a reassessment take back the resources the previous administration sold for penny’s when it was worth so much more. A real investment in wind/wave energy and solar instead of these small amounts of tax cuts and levies a large amount should be set aside immediately in order for a country to continue stop increasing interest/electricity/gas for another 2 to 3 years until economic certainty has been achieved.

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  • @Gareth. Please could you re-post your comment in English/French/ Greek/Latin/Spanish or any known language, then I would be aware of what you actually wanted to post!

    Reply

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