Energy regulator gives green light to €1.55bn investment in gas

THE Commission for Energy Regulation (CER) has given its backing to a €1.55 billion investment in the natural gas network which will see the full opening of the gas market to competition and connection of 150,000 new customers to the network over the next five years.

The good news for gas customers is that the proposals will also mean a significant reduction in their bills because the CER is predicting an 11% reduction in transmission tariffs and a 1% reduction in distribution tariffs.

Those tariffs together account for a third of the final bill to the customer.