Energy Minister Eamon Ryan today welcomed the Commission for Energy Regulation’s publication of proposed gas tariffs to apply in February next year. The CER propose an average reduction of 8% for residential and small industrial customers.
The tariff reduction is largely due to lower gas prices than originally forecast and exchange rate developments. The overall pricing policy is to keep gas tariffs in line with underlying movements in the gas markets.
This latest move continues the downward trend for natural gas prices.
In October 2009 there was a decrease of 9.8%
In May 2009 the decrease was 12%.
In February of next year, the total savings for gas customers will be close to 30%.
“This is good news for the Irish consumer and the competitiveness of the Irish economy”, said Minister Ryan