Flogas announces 2.5% gas price cut
Gas supplier reveals second reduction to standard gas unit rates in space of 12 months
Flogas Natural Gas has revealed it is reducing its standard gas unit rate by 2.5% from the beginning of 1 February 2016.
It represents the provider’s second price decrease to gas tariffs for residential customers in the space of 12 months and should provide annual savings in the region of €20.
Effective from 1 February 2016, the price cut will bring the unit rate down to 5.0543 cent per kilowatt/hour (excluding VAT).
Customers on the standard tariff with Flogas that have an average consumption of 13,800 kWh currently pay around €960 annually for their gas.
Under the new price decrease, customers can expect to pay in the region of €940 after the necessary VAT, Standing Charges and Carbon Tax are included.
Mark Gannon, Managing Director of Flogas Natural Gas said the firm is “delighted” that it finds itself in a position where can provide savings on gas tariffs.
“We are committed to delivering exceptional customer care and energy cost savings to our valued customers,” he explained.
Recent price cuts
Flogas also reduced its gas tariffs by 3% in February 2015, while the latest price cut follows an announcement that wholesale gas prices are at a five-year low.
According to the 2015 Wholesale Energy Market Report from Vayu Energy, wholesale prices in the fourth quarter were down 23% compared to the same period 12 months before.
Electric Ireland also reduced its gas prices by 2.5% at the start of January for its residential customers while its electricity tariffs were cut in November.
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