Regulator freezes cheap gas prices in Ireland - 07/01/2011
Cheap gas customers in Ireland will have their prices frozen at current levels until the end of the 2010-11 gas year.
The Commission for Energy Regulation made the decision earlier this week, meaning consumers using cheap energy will not pay more for their gas power until September 30th.
However, the industry body warned that householders and business energy users could face increases to their energy bills in October.
John Mullins, chief executive of Bord Gais, welcomed the move, saying he is "pleased that despite a 21 per cent increase in international wholesale gas prices since last April, we have been able to maintain prices at their highest level".
Consumers in the UK have also been hit with price rises after a number of the major energy suppliers announced they would no longer absorb the hikes in wholesale gas costs.
EDF Energy, however, launched a winter price freeze and pledged to keep standard gas and cheap electricity costs fixed at the same rate until this coming March.
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