8% cut to Bord Gáis prices

BORD GÁIS announced an 8% cut in its prices, but the ESB said it would not be following suit, although the situation will be reviewed later in the year.

Bord Gáis Energy announced the 8% fall in gas prices, the third decrease for residential customers and small and medium business sectors in 11 months, prompted by a lowering of gas prices internationally.

The reduction comes after the company had said last year that the price of a unit of gas should decrease from February by an average of 8%. It also said the cold weather had led to an estimated 5% increase in demand in December compared with December 2008.