Electric Ireland to increase gas prices by 2%
Sep 11, 2013 (MarketLine via COMTEX) --
Electric Ireland, the supply division of the Electricity Supply Board, or ESB, has announced that it will increase gas prices by 2%, effective October 1, 2013.
This will result in an average increase of cE0.35 per week on the average residential gas bill. The price increase is primarily due to the increase in regulatory approved charges recently announced by The Commission for Energy Regulation (CER) which are outside the control of Electric Ireland. These charges are applicable to all gas consumers regardless of supplier and relate primarily to the networks costs of transporting gas over the gas networks system and into customers' homes.
Jim Dollard, Executive Director of Electric Ireland, said: "We regret that we have to increase our gas prices at this time. We are extremely conscious of the financial pressures facing our customers and we have tried to minimize this increase. The price change announced today is predominantly due to regulatory approved gas network costs. Electric Ireland continues to offer competitively priced gas products in the market."
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