Flogas announces 3% gas price cut

Flogas Natural Gas announced this evening that it will cut standard gas unit rates by 3.0%. The price cut, which will take effect from 1 April, will save an average household €25.11 per year.

Flogas is now the fourth gas supplier to announce a price reduction, and their cut is largely in line with those we’ve seen from Bord Gáis Energy, SSE Airtricity and Electric Ireland.

David Kerr, Managing Director of bonkers.ie welcomed today’s announcement from Flogas. “Any reduction in energy costs should be welcomed and we’re glad to see that Flogas is passing on some of the reductions we’ve seen in wholesale prices over the last year or so.”

Mr Kerr continued: “I would encourage customers to shop around for discount tariffs though, as they offer considerable savings over standard rates. In fact, Flogas themselves have consistently offered top discounts to new customers.”

A household on standard rates with Flogas is currently paying a unit rate of 5.344 cent, which will give an annual bill of €985.68.

The 3% reduction should bring the standard unit rate down to 5.184 and annual bills should fall to €960.56 - a saving of €25.11.

In January, Flogas introduced a 20% discount deal which offers eligible households savings of €150 over the company’s standard tariff. Customers on discounts will also benefit from today’s price cut announcement.

Managing Director of Flogas John Rooney said today that the company was delighted to be in a position to deliver savings to all their residential customers.