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Flogas Energy Price Announcements

Flogas Energy Price Release August 2021Due to significant and continuing increases in global wholesale energy costs in recent months, as well as market supply cost issues specific to Ireland, Flogas must announce residential natural gas and electricity price changes.

With effect from 18th September 2021, there will be an 18% increase in the Flogas standard rate and standing charges for both natural gas and electricity. All electricity supplied comes from 100% renewable sources**

Since March 2021, every month has brought incrementally higher wholesale electricity prices, the highest since the new Single Electricity Market commenced in October 2018. It is likely that higher than usual prices are likely to continue for some time. Significant long-term unplanned outages of large electricity generation plants on the island, combined with increasing global commodity and carbon emission costs, are forcing prices up.

The increases will mean a €3.28 weekly increase (incl. VAT) for natural gas customers and €4.75 a week for electricity customers (incl. VAT). The electricity cost increase will be partially offset with reductions in the PSO charge by €2.22 per month from 1st October.

Details of the price change will be included in gas and electricity bills from 18th September 2021.

Paul Kenny, general manager, Flogas Energy, “Energy costs, and in particular electricity wholesale costs in Ireland, are at unprecedented levels right now with no  signs of reducing in the medium term. While the monthly PSO reduction from 1st October will be of some financial assistance to householders, we are very concerned about the fundamental challenges facing the marketplace that need to be addressed to avoid further pricing impacts.

We regret having to make further increases in our prices this year. However, they are necessary due to the same rising wholesale costs that have affected all suppliers. We are keeping our prices as competitive as possible for our customers and will be continually reviewing as the market changes. However, it is difficult to forecast any significant improvements in the medium term.

Note:

The impact on Estimated Annual Bills (EAB) for standard rate residential customers from 18th September 2021 will be as follows:

 

Current (ex vat)

From 18/9/21 ex VAT

Current incl VAT@ 13.5%

From 18/9/21 incl VAT @ 13.5%

Natural Gas

€901.63

€1,051.91

€1,023.35

€1,193.92

Electricity        

24hr Urban

€1,288.40

€1,506.23

€1.462.33

€1,709.57

Night saver Urban

€1,165.56

€1,361.24

€1,322.91

€1,545.01

24Hr Rural

€1,329.95

€1,555.26

€1,509.49

€1,765.22

Night saver Rural

€1,232.39

€1,440.08

€1,398.76

€1,634.49

 

Gas EAB is based on a customer using 11,000 kwh per annum and Electricity EAB is based on a customer using 4.200kwh per annum as per the Commission for Regulation of Utilities, (CRU).

Prices are shown rounded for presentation purposes. Prices may vary during the customer’s contract.

PSO changes from 1st October (Source CRU)

PSO Customer Category

Monthly Levy Amount (2020/2021)

Monthly Levy Amount (2021/2022)

Change % Change 
Domestic €6.52 / Customer €4.30 / Customer €-2.22 -34%

** Renewable electricity is Subject to verification by the CRU under the CRU’s Green Source Product Verification process.