Electric Ireland urged to reduce energy prices
Fine Gael Seanad Spokesperson on Communications, Energy and Natural Resources, Senator Tony Mulcahy has called on the Electric Ireland to replicate the decision of Bord Gais Energy to reduce its prices for gas and electricity.
Bord Gais Energy's move comes a week after Senator Mulcahy called on the Regulator and energy companies to explain why electricity bills had not been reduced in light of continued significant falls in gas and oil prices.
"I welcome Bord Gais Energy's decision to reduce its electricity prices by 3.5% for gas and 2.5% for electricity. The onus is now on Electric Ireland to follow suit," said Senator Mulcahy
"Any reduction in electricity or gas bills would provide a tremendous boost the economy and would help reduce overheads for households and businesses. Far too often we see companies using any hike in gas and oil prices as an excuse to raise prices and therefore, it is only right that the pressure be put on them to reduce bills are when such prices drop," he added.
Senator Mulcahy said he has already raised the issue in the Senate with Minister Communications, Energy and Natural Resources, Alex White, TD., who is scheduled to meet the chief executives of energy companies next week to outline whether wholesale energy price reductions are being adequately reflected in household bills.
