Bord Gáis Energy will be increasing its household energy prices, becoming one of the latest energy providers to increase electrical and gas prices for residential customers.
However, the company has stated that its customers will not be facing any further price increases before Spring 2022.
The provider will be increasing the unit price of its electricity by 10% and the unit price of its gas by 12%.
This will increase gas bills by €8.16 a month while electricity prices will be increased by €10.26 a month.
These increases will take effect from the 24th of October.
The company stated that global energy costs have hit an all-time high due to a combination of restricted supply levels, higher carbon prices and market volatility.
“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.”
Managing Director of Bord Gáis Energy Dave Kirwan stated that the company was seeing an extremely uncertain energy market right now while adding, “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,”.