Bord Gáis to make loss despite record 20% charge hike

BORD GÁIS’S household supply division is on course to make a loss this year despite forcing record 20% price hikes onto consumers.

Consumers have seen average annual bills rocket from €902 in 2006 to €1,087 this year, despite gas prices tumbling on world markets. Bord Gáis has hiked prices after buying gas for this year at sky-high prices in 2006.

Despite passing on the rise in full to consumers and adding a 1.3% mark-up, Bord Gáis has admitted its consumer supply arm will make a loss this year.