Bord Gáis Energy’s 650,000 household customers who will benefit from the company’s third consecutive price drop in 20 months.
Bord Gáis Energy has announced a 5% drop in its electricity unit rate and a 2.5% drop in its gas unit rate, meaning the company will offer the lowest standard electricity and dual fuel prices in Ireland. The move will save a typical dual fuel household a further €67 per annum.
The changes will come into effect from 1 October 2016 for residential gas and electricity customers, ahead of the winter period.
Bord Gáis Energy is the only supplier to reduce both gas and electricity unit rates three times in the past 20 months. The combination of these three price drops will mean a saving of €156 for a typical dual fuel customer since February 2015. In addition, Bord Gáis Energy continues to offer existing customers an ongoing 5% discount for payment by direct debit and paperless billing.
There are a number of factors that make up the cost of energy; wholesale costs account for approximately one third of the bill, one third is the cost of getting energy to a customer’s home and the rest is made up of taxes and supply charges. The CER recently approved increases in network costs for electricity, which affect all suppliers, and today Bord Gáis Energy confirmed it will absorb these increases over the winter period.
Today’s announcement is another example of Bord Gáis Energy’s focus on helping customers get more for less and will also minimise the impact of the latest increase in the Irish Government PSO levy.
Dave Kirwan, Managing Director of Bord Gáis Energy said;
“Winter is a time when many people face increases in the cost of living and we’re focused on helping our customers keep costs down as much as possible. For most of the past five years1 our customers have paid the lowest standard electricity and dual fuel unit rates in Ireland and today’s announcement means they will continue to do so this winter. We can’t control every part of the cost of energy but we promise to do our bit to lower prices when we can.
“At Bord Gáis Energy, we not only want to offer great prices but also want to help our customers use less energy. We have a range of energy saving devices, including Hive Active Heating which allows you to control your heating and hot water from your phone, designed to lower customers’ energy bills further.”
For further information on Hive and other energy saving opportunities visit bordgaisenergy.ie.
About Bord Gáis Energy
Bord Gáis Energy is a gas, electricity and energy services supplier in the Republic of Ireland. The company has been in operation since 1976 and currently supplies energy and services to over 680,000 customers. In 2014, Bord Gáis Energy became part of the global Centrica plc Group.
Notes to Editor
1 The latest price reductions mean that Bord Gáis Energy will offer the lowest standard electricity and dual fuel rates in Ireland and has done so for 58 out of 69 months (Jan 11 – Sept 16).
- Bord Gáis Energy has 315,074 residential gas customers and 333,574 residential electricity customers as at 28 August 2016
- Average savings quoted are per annum and are VAT inclusive. Electricity savings are based on average electricity usage of 5,300 kWh on a Residential Urban 24 hour tariff. Gas savings are based on average gas usage of 13,800 kWh as per CER. Savings quoted are based on annual average usage but actual savings will depend on actual usage.
- Savings quoted are based on electricity and gas usage and do not take into account the increases in Irish Government PSO levy.