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Thread: Gas prices to be cut by 12%

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    Politics.ie Member mmrebel's Avatar
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    Default Gas prices to be cut by 12%

    Gas prices will be cut by 12 per cent from May following a decision by the energy regulator to pass a fall in global gas prices to Irish consumers.

    The Commission for Energy Regulation said consumers could also expect further price cuts before the end of the year if global prices continue to decline.

    But Fine Gael’s energy spokesman Simon Coveney said the price cut was too little and claimed a 25 per cent reduction in domestic gas prices is possible.

    “60 per cent of the retail price paid by consumers and businesses for gas is directly related to its wholesale price and there has been a 30 per cent reduction in that figure this year,” Mr Coveney said.

    “The plummeting wholesale price of gas allied to a dramatic drop in the value of sterling must also be a factor in determining the cost of gas.
    Read the full article Gas prices to be cut by 12% - The Irish Times - Fri, Apr 10, 2009

    If you switched to the gas network and saved yourself 12-14% you can save yourself some more if you switch over now every penny helps these days

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    Politics.ie Member hammer's Avatar
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    Airtricity bill today

    Gas + 22%
    ESB + 14.75%

    Are they still the cheapest.

    Over €450 for two months

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    Politics.ie Member tigerben's Avatar
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    Nearly had a weakness when we got a letter from calor, standing charge has gone from 75 a year straight up to 200, any one else get this letter, as for ESB prices have gone through the roof, is a disgrace. That's why when I hear FG/ lab saying wage decrease has led to the country been more competive, ya for sure wages at 07/08 levels, bills at 2012 level!

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    Politics.ie Member rash mulligan's Avatar
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    Wow happy to hear some good news.

    60% of our gas is generated from gas so our government could put a bit of pressure on E.S.B. .

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    Politics.ie Member hammer's Avatar
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    That was April 2009

    Scandalous the rate now.

    100,000 IN ARREARS as it is on utility bills.

    I wonder if that figure will go up or down when Gas prices are up 20% etc.....

  6. #6

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    Quote Originally Posted by rash mulligan View Post
    Wow happy to hear some good news.

    60% of our gas is generated from gas so our government could put a bit of pressure on E.S.B. .
    Nice one rash, slow down a bit man

    Its 65% and ESB are not the only game in town.
    Best regards, Pat.Twitter-energy economy news _ _ Each to their ability, together we progress.

  7. #7

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    Quote Originally Posted by hammer View Post
    That was April 2009

    Scandalous the rate now.

    100,000 IN ARREARS as it is on utility bills.

    I wonder if that figure will go up or down when Gas prices are up 20% etc.....
    Quote Originally Posted by tigerben View Post
    Nearly had a weakness when we got a letter from calor, standing charge has gone from 75 a year straight up to 200, any one else get this letter, as for ESB prices have gone through the roof, is a disgrace. That's why when I hear FG/ lab saying wage decrease has led to the country been more competive, ya for sure wages at 07/08 levels, bills at 2012 level!
    Lads a few of us have been banging the energy drum for years.

    Its time for people to get reacquainted with their energy supply, where it comes from, how it gets to your house and why it has become so expensive.
    Best regards, Pat.Twitter-energy economy news _ _ Each to their ability, together we progress.

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    Politics.ie Member hammer's Avatar
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    Pat...............are Airtricity still the cheapest ?

  9. #9

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    Quote Originally Posted by hammer View Post
    Pat...............are Airtricity still the cheapest ?
    I don't know hammer, it depends on the tariff you chose, the payment method you chose, the lenght and type of your contract, electricity only or gas and electricity.

    Bord Gais were prevented from competing for gas customers on price until recently just as ESB was in the past similarly prevented from competing for electricity customers on price.

    The only way to discover whats best for an individual is to put your business out to tender, know your gas and electricity consumption figures and ask the different suppliers for their best price on either or both.

    Its likely that you can get a better deal using seperate suppliers, but that really depends on your consumption.

    The general picture though is that at present Ireland has a trickle of domestically sourced gas coming ashore in Cork, the majority comes from Scotland, ultimately all of it is sourced from international markets and at international commodity prices.

    65% of Irelands electricity is generated using the same gas supplies.

    Therefore as the commodity price of gas increases so does the cost of both your gas and electricity.
    Best regards, Pat.Twitter-energy economy news _ _ Each to their ability, together we progress.

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