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Ferris calls on energy regulator to rescind electricity price hike

11 July, 2011 - by Martin Ferris TD

The Sinn Féin Spokesperson on Energy, Martin Ferris TD, has called on the Energy Regulator to rescind a 10% increase in electricity prices which An Bord Gáis is to announce this week. He has also called on the regulator to reject a request from the company for an increase to gas prices.

Deputy Ferris said:

“While An Bord Gáis claims that it needs to increase prices because of the global market, the company has made substantial profits of late. An increase in energy costs now will push people further into fuel poverty and undoubtedly lead to an increase in the numbers of people in arrears and who are therefore in danger of disconnection.

“The energy suppliers themselves have recognised the obvious connection between price increases and failure to pay bills. That obviously impacts on the company’s income and so it makes no sense to impose further increases at a time when many thousands of people are already in difficulties. I am therefore calling on the regulator to rescind this increase and to reject the company’s application for an increase in gas prices.”

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