Bord Gáis Energy announces second energy price cut this year
Latest announcement brings total reductions this year to almost €100 for Bord Gáis Energy customers
Bord Gáis Energy has announced today that it is cutting prices for the second time this year. Bord Gáis Energy customers will have the unit rate of gas cut by a further 2.5% and the unit rate of electricity by a further 2%.
These cuts will reduce the average household energy bill by €44.59 and this follows price cuts announced earlier this year which saved customers €54.38.
The reductions represent an annual saving of €20.25 on an average customer’s gas bill and €24.34 on an average customer’s electricity bill. Dual fuel customers will see an average annual saving of €44.59.
At June 30 of this year, Bord Gáis Energy had 326,000 residential gas customers and 277,000 residential electricity customers.
Dave Kirwan, Chief Operating Officer, Bord Gáis Energy said: “In announcing a reduction to our prices today we are doing what we said we would do in January 2015; passing on wholesale cost savings to our customers as soon as we can.”
Combined with our January price cut, today’s announcement brings the total annual savings for Bord Gáis Energy dual fuel customers to almost €100, and we hope this will help our customers budget their winter energy bills.
Eoin Clarke, Managing Director of Switcher.ie commented: “The announcement of a second price cut from Bord Gáis Energy is good news for energy customers. Households are still waiting for the other major energy suppliers to follow Bord Gáis Energy’s lead by making further cuts to their energy tariffs.
“A second wave of Bord Gáis Energy cuts will not only help cash-strapped consumers, but it will also put pressure on other energy suppliers to pass on wholesale cost savings to their customers. Suppliers who are refusing to reduce bills further have a lot of explaining to do.
“As at today there is a €334 a difference between standard tariffs and the cheapest deal on the market, we encourage customers to switch and save money before their energy consumption increases in the colder months ahead.”
Today’s price cuts will come into effect from 1 October 2015 for residential gas and electricity customers.
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