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Sinn Fein welcome possible cut in gas prices

23 July, 2009 - by Jennifer McCann

Sinn Féin MLA and vice chair of the Assembly Committee for Enterprise Trade & Investment Jennifer McCann has welcomed the news by Phoenix that gas prices may be set to fall in the autumn.

Speaking today Ms McCann said:

"I welcome the news that prices in gas prices may be set to come down in the autumn. Over 2008 we saw a gas prices rise by almost a third and these have not decreased to the extent of the this rise placing many consumers under pressure.
“Sinn Féin had raised a number of concerns directly to Phoenix Gas surrounding the price increases and explored ways with in which prices could be lowered for the benefit of the customer. This included looking at storage issues, advance buying and metering.
"Phoenix had given a commitment that if world energy prices were to fall then any benefits would be passed to the customer with a lower tariff and this hopefully will be the out workings of that commitment.
“Globally wholesale prices have now fallen and as such I see no reason why local gas prices should not follow.
“The decrease should also match that of the global reduction in prices to ensure that it is the consumer who benefits fully from the overall drop in wholesale prices. “

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