Bord Gáis Energy has announced today that it is cutting its prices for the second time this year. Bord Gáis energy will implement a 2.5% cut to its gas tariffs, representing a €20.25 a year reduction on bills for residential gas customers. Bord Gáis Energy is also cutting its unit rate of electricity by a further 2.0%, saving customers €24.34 a year on their electricity bills. These cuts will reduce the average household energy bill by €44.59 and follow price cuts announced earlier this year (effective March 1st 2015) which saved customers €54.38 a year. Today’s second price cut brings the total savings to €98.97.
Today’s price cut announcement will come into effect from October 1st 2015 for residential gas and electricity customers. Bord Gáis Energy had 326,000 residential gas customers and 277,000 residential electricity customers as at 30th June 2015.
Eoin Clarke, Managing Director of independent price comparison website, 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 its 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 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.”
Switcher.ie launched in January 2013, with the aim of offering consumers free, independent and impartial price comparison and switching services. Switcher aims to make it easier for Irish households to compare prices, save money on their regular bills, get the best deals on offer and make their hard-earned money go that bit further.