Bord Gais Freezes Electricity Prices

Bord Gais Freezes Electricity Prices

In a short statement released today, Bord Gáis Energy said there would be no change to their residential electricity prices until February 2014.

This move by the state owned company is the second price freeze for electricity announced in the last 2 weeks, and will be welcomed by their 310,000 residential electricity customers.

Bord Gáis Energy confirmed that the increase in the PSO levy was applied to their customers from October 1st in line with the general increase across most other suppliers.

Bord Gáis Energy is unique in freezing electricity prices until February 2014.

Dave Kirwan, MD of Bord Gáis Energy said:

“We understand energy costs are a key concern for customers coming into winter which is why we're freezing our residential electricity prices, which are already the lowest standard prices in Ireland. Our customers can be reassured that whatever happens to wholesale costs we will continue to ensure that our standard prices continue to be the lowest of any supplier in the market.”

An announcement on the sale of Bord Gáis Energy is expected to be made in the coming months - the expected price should be in the region of €1B.



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