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Bord Gáis Energy announces electricity price freeze until February 2014

Bord Gáis Energy price freeze welcome news for cash strapped consumers

Bord Gåis Energy has announced that it is to freeze its residential electricity prices until February, 2014 and thus absorb the additional costs arising from higher fuel and network charges.

Speaking today, 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.

Not only that but Bord Gáis Energy is the only supplier to offer Tesco Clubcard points which customers can use to pay their energy or grocery bills. 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.”

Commenting on today’s announcement by Electric Ireland, Eoin Clarke, Head of Switcher.ie, says: “Around 310,000 domestic electricity customers will now have some reassurance that their electricity prices will remain unchanged until February of next year. This has to be welcomed and is a sign that competition in the market is starting to heat up.  However, today’s announcement will only provide a short term reprieve for many Bord Gåis Energy customers with increased prices coming into effect in February 2014.

“We would therefore urge households to review their current contracts and compare prices with the other energy providers in the market. The average energy bill is now a mouth watering €2,159 per year, customers are paying approximately €500 more for their energy than they were three years ago. According to the CER 14% of customers switched energy suppliers in 2012. It’s disheartening that so many households are paying out a record amount for their energy and failing to take advantage of the savings available, especially when switching provider is a really simple thing to do. Customers can save up to €250 per year just by switching to the cheapest tariffs available. With rocketing prices and cold weather coming, these savings may be a lifeline for those in a fix financially.”

Energy customers can ensure that they are on the most cost effective plan by visiting https://switcher.ie/gas-electricity/.