Bord Gáis index falls by 12%

The Bord Gáis Energy Index dropped by 12% in April mostly on the back of a fall on UK wholesale gas prices following a month of record highs in March.

However, the index is still 33% above the level recorded in Apr 2011.

Commenting on the Bord Gáis Energy Index for April, John Heffernan, power trader at Bord Gáis Energy, said: “In April, Brent crude oil prices hit the lowest levels to date in 2013 and at times traded under the key $100 level.