Bord Gáis announces increase to household energy prices due to "all-time high cost of energy"
A typical electricity bill will increase by over €10 per month.
Bord Gáis Energy has announced a rise in electricity and gas prices for its residential customers.
According to the company, the gas price change will increase a typical gas bill by €8.16 per month.
Meanwhile, the change in electricity prices will mean a rise of €10.26 per month on the typical electricity bill.
Bord Gáis Energy attributed the price hike to the "all-time high cost of energy".
"Global energy costs, and particularly global gas costs have hit all-time highs due to a combination of restricted supply levels, higher carbon prices, and market volatility," the company said in a statement.
"While the current price highs and volatility are expected to remain for some time, Bord Gáis Energy has confirmed it will pass on any savings and reductions to customers wherever and whenever it can. The company has repeatedly demonstrated this commitment in 2020 and 2019 when it reduced gas prices."
The changes will take effect from 24 October this year, with the company guaranteeing to hold these prices until Spring 2022 despite ongoing market volatility.
“We are experiencing an extremely uncertain energy market right now and we know our customers are concerned about that," Managing Director at Bord Gáis Energy Dave Kirwan said.
"We regret that we have to pass through a price increase at this time, but we have taken steps to protect our customers against further movement during the colder winter months ahead."