Bord Gáis Energy has today announced a price increase for residential customers, becoming the sixth supplier to do so this winter. This latest increase will push up gas prices by 2.3% and electricity prices by 4.3% come 10 March 2019 – meaning customers will see €18.72 added to their annual gas bills and €44.40 added to their annual electricity bills. This means an average dual fuel customer with Bord Gáis Energy will see their annual bills go up by €63.12.
With five other suppliers already announcing winter hikes at the end of 2018 – namely Flogas, Panda Power, Pinergy, SSE Airtricity and Energia – these winter price rises just keep rolling in. Similar to those previous suppliers, Bord Gáis Energy has attributed the latest increase to the rising cost of wholesale energy prices but said the firm has been working hard to hold off raising prices for as long as possible, particularly over the difficult winter months.
There has been a short reprieve between price rises over the past six weeks, with Energia the last supplier to put prices up for customers on New Year’s Day. This latest increase from Bord Gáis Energy is not as significant as those announced in 2018, but it is the second time the supplier has announced a price rise in the space of seven months.
The combination of Bord Gáis Energy’s 2018 increase and this most recent hike means that its average annual gas and electricity bill will have gone up by €55.44 and €104.40 respectively. And, with the possibility of Electric Ireland and PrePayPower’s price freezes lifting at the end of this month, it marks what is understandably a worrying time for all energy customers in Ireland.
Commenting on the announcement, Eoin Clarke, Managing Director of Switcher.ie, says: “The latest hike from Bord Gáis Energy comes at at time when a raft suppliers have already upped their prices at the start of winter – and it’s now very likely the remaining companies will do the same. Although, Bord Gáis Energy’s 4.3% electricity increase is at the lower end of the scale it will still be unwelcome news for their energy customers.
“Unfortunately almost all Irish energy customers will be impacted by one of these winter hikes sooner or later, with some supplier increases already coming into effect. And, although there was a short break between price hike announcements just after Christmas, this announcement today just goes to show that this round of winter increases is still in full swing.
“However people should remember that there are three easy steps to help you save money on your energy each year. Firstly, switch from a standard tariff to the cheapest deal on the market – there are currently savings of up to €307 to be had. Secondly, look to implement some easy energy-saving measures around the home to help bring your bills down even further.”
Switching is straightforward and free. Use Switcher.ie’s free gas and electricity comparison tool to get started – comparing deals and making a switch only takes around 5 minutes. For more energy-saving tips, consumers can check out Switcher.ie’s free energy-saving guides: https://switcher.ie/gas-electricity/guides/energy-saving/.
For more information, visit Switcher.ie