Dublin, 26 January 2015
Minister for Energy, Alex White T.D., today (Monday) welcomed Airtricity’s announcement that it is to reduce its domestic energy prices by 4% for gas and 2% for electricity. The company’s announcement follows last week’s news that Bord Gais Energy is to cut its domestic energy prices, and the price cut announced by Electric Ireland last November.
Today’s announcement came as Minister White began a series of separate meetings with the chief executives of energy companies to discuss the speed with which wholesale energy price reductions are being reflected in household bills.
Minister White said: “I welcome the Airtricity price cuts, just as I welcomed last week’s decision by Bord Gais Energy. I began a series of meetings with all the domestic energy suppliers today and I hope to see others take similar decisions to reduce domestic energy prices.”
Note to Editors
Neither the Minister nor the regulator (the Commission for Energy Regulation) have statutory powers to compel energy suppliers to reduce prices.