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Bord Gais price rise

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    #32
    Ardent
    Registered Users Posts: 5,284 ✭✭✭Ardent


    Tabnabs wrote: »
    Interesting to see that our Northern brethren are getting a reduction in electricity due to an "easing" in gas and coal prices

    http://www.bbc.co.uk/news/uk-northern-ireland-19343459

    Irish regulator is justifying the price hike by blaming a larger than expected decrease in value of euro against sterling.


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    #33
    Tabnabs
    Moderators, Recreation & Hobbies Moderators, Sports Moderators Posts: 15,697 Mod ✭✭✭✭Tabnabs


    Ardent wrote: »
    Irish regulator is justifying the price hike by blaming a larger than expected decrease in value of euro against sterling.

    You'd think the two would largely cancel each other out then... :confused:


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    #34
    ardmacha
    Registered Users Posts: 7,476 ✭✭✭ardmacha


    You'd think the two would largely cancel each other out then...


    How would they cancel each other out. Gas prices in dollars have generally gone up, the € has gone down. Both increase the price here.

    It is not rocket science, in the last 3 years sterling has appreciated 20% against the Euro.


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    #35
    Dannyboy83
    Registered Users Posts: 4,236 ✭✭✭Dannyboy83


    Tabnabs wrote: »
    http://www.rte.ie/news/2012/0904/8-5-increase-in-bord-gais-gas-prices-approved.html

    More than 400,000 Bord Gáis customers are facing higher gas bills after the Commission for Energy Regulation approved an 8.5% rise in residential gas prices for the company.
    http://www.bbc.co.uk/news/uk-northern-ireland-19343459

    Power NI has announced a 14% cut in electricity prices for Northern Ireland customers.





    Says it all really.


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    #36
    monkeypants
    Closed Accounts Posts: 2,386 ✭✭✭monkeypants


    Switched both gas and electricity this morning. Bonkers.ie recommended Flogas for gas and Bord Gáis for electricity.


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    #37
    snaps
    Registered Users Posts: 7,138 ✭✭✭snaps


    I signed a 2 year fixed contract with airtricity this year. I assume they can't put my electric up for 2 years? If they do this is that a breach of contract?


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    #38
    Heroditas
    Registered Users Posts: 9,450 ✭✭✭Heroditas


    snaps wrote: »
    I signed a 2 year fixed contract with airtricity this year. I assume they can't put my electric up for 2 years? If they do this is that a breach of contract?


    Depends on what the T&Cs say!
    Is it a fixed discount compared to the BGE tariff or is it a fixed kWh cost?


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    #39
    snaps
    Registered Users Posts: 7,138 ✭✭✭snaps


    Heroditas wrote: »
    snaps wrote: »
    I signed a 2 year fixed contract with airtricity this year. I assume they can't put my electric up for 2 years? If they do this is that a breach of contract?


    Depends on what the T&Cs say!
    Is it a fixed discount compared to the BGE tariff or is it a fixed kWh cost?
    have a funny feeling its a fixed discount


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    #40
    Cookie_Monster
    Registered Users Posts: 24,480 ✭✭✭✭Cookie_Monster


    Ardent wrote: »
    Irish regulator is justifying the price hike by blaming a larger than expected decrease in value of euro against sterling.

    do we buy gas in sterling? I thought it all came through Europe, from Russia. The UK import 40% of their gas as it is so I doubt we buy any from them


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    #41
    seamusmacc
    Registered Users Posts: 155 ✭✭seamusmacc


    and now Electric Ireland

    http://www.independent.ie/business/personal-finance/latest-news/double-whammy-first-gas-now-electricity-price-hike-3223025.html#disqus_thread


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