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THE COMMISSION FOR Energy Regulation (CER) has proposed that Bord Gáis impose a 22 per cent price increase.
The price hike will be 6 per cent lower than the increase suggested by Bord Gáis itself, which said that a 39 per cent increase in wholesale gas prices this year meant it would have to raise prices by around 28 per cent, the Irish Times reports.
The company must seek approval for any price increase it wishes to apply as it has an 80 per cent share of the residential market, RTÉ reports.
The regulator will now monitor wholesale gas prices and conduct public consultation before making a final decision in August.
CER expressed regret at having to recommend an increase in gas prices, but said that this was “unavoidable” considering the current market conditions, reports the Irish Independent.
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What the fcuk does the regulator actually regulate? regulates the amount of gas struggling families can afford it seems. Useless self serving bastards
Huey, is that what you really think?
Regulators are only here for one thing to help big companies make more money
Does this mean that John Mullins the head of Bord Gáis will be taking a 22% reduction in his massive wage? I don’t think so and I bet he doesn’t have to pay for Gas in his home. Bord Gáis made over a billion in profit last year.
F%%king greed, that’s all this country’s about, thought things would change with the new government, but I forgot they don’t have to worry about paying their bills because we the tax payer pay it for them.
dear mr & mrs energy regulator,
f*ck off.
Is he an Upward only Regulator…. like the Rents?
Meantime, despite Ireland’s desparate need for native resources and our precarious energy security position, we’ll still see the Shell to Sea mob and the new “Disciples of Gasland” opposing any energy development in Ireland.
Let’s all live in the 19th century…it was great then.
Hugh, the people you are talking about do not oppose energy development in Ireland. They oppose the way it’s done at the moment. It is the government that sell Ireland’s natural resources for nothing to Shell and it’s the Shell to Sea protesters that object to that and the irresponsible way of harvesting the natural resources.
I bet they’re hoping for another freezing winter too!! As if the bills weren’t big enough from last winter with all the snow. Bastards
Are they fucking joking
Will there be a 22% rise in benefits?
Arrrrrrrrrrrrghhhhhhhhh wankers
Oh we are all taking it up the arse…… That’s all I hear…. I feel the people of Ireland are at breaking point
And don’t forget that the government will get more taxes from this increase. Not many from FG or Labour will oppose this.
Just imagine all the free gas they are giving to shell for free, we may not have to borrow from the EU but sell them our gas. Shower of muppets that gave our gas away.
wonder if the heat will be on in the dail this winter because it wont be on in my house.
Heard the gas of Mayo could be worth up to a trillion dollars! Thank god we sold the rights to a multi national and won’t see a penny of it.
But I am sure all the politicians involved got a thick brown envelope!
Are these people living in a different world to let this rise go ahead.Yet again our goverment has failed its people by allowing this rise to go ahead.We all have to take the pain they say.Its so easy to to say that when u earn a TDs wage for doing f##k all.whats the bet the Esb will go up next.The goverment does not run this country anymore.We gave up that right up when the IMF came to town.
We want precise details how he can allow such an increase let us look and decide for ourselves !
regulator-backs..
Jul 28, 2011 – Bord Gáis had proposed a 28 per cent rise due to the increase in wholesale gas prices this year.(2 years ago the reason for a 28 % was due to wholesale price . Add on the carbon tax Now they looking for 7% for transit costs .This will push many households who are already over the edge .
have your say