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Airtricity announce gas price increase

Following in the footsteps of rival gas and electricity suppliers, Airtricity confirms a 2% increase in residential gas prices

Airtricity, the renewable energy supplier, announced today that it would be putting up household gas prices by some 2%, beginning from October 1st, 2013.

The increase will affect an estimated 110,000 Airtricity gas customers.

This latest price increase comes on the back of the announcement of similar price increases from competing gas and electricity providers, Bord Gáis Energy and Electric Ireland.

For those on Airtricity’s lowest tariff the increase will amount to a weekly gas price rise, on average, of 31%.

The annual increase for customers overall is set to be around €20, and with electricity prices expected to rise by a similar amount, this will amount to an extra €50 per year for customers.

With two sizeable price increases in the last couple of years, domestic gas bills are now nearing an unprecedented €1,000 a year.

These latest gas price hikes from three of Ireland’s major providers will come as considerable blow to many consumers in Ireland.

Following in the footsteps

Airtricity’s price changes reflect that of other energy companies, as Electric Ireland and Bord Gáis Energy also raised their prices by 2% for their customers at the beginning of September.

The Commission for Energy Regulation (CER) announced last week that gas transmission and distribution charges were increasing, which was impacting heavily on the gas and electricity supply industry.

As a consequence, Airtricity gave this as their primary reason for having no option but to raise prices.

Price Increases ‘Unavoidable’

Airtricity’s managing director Stephen Wheeler claimed that the increases had been “unavoidable”.

He went on to add that his company was “acutely aware” of the impact that the price rises would have on customers, and he stated that “we’ve done all we can” to lessen the effect of the increases on householders.

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