Flogas Residential Natural Gas Price Increase
In response to significant increases in wholesale gas costs over the past three months, Flogas Natural Gas will be increasing its unit rate price by 9.8%, with effect from 1st November 2018.
John Rooney, managing director of Flogas Ireland said: “Wholesale gas costs have increased by 28% in the past three months alone and are now 54% higher than they were at the beginning of this year. This trend is unlikely to reverse in the mid-term and so it is very disappointing to have to make this announcement. We are very aware that price increases are never welcome as the winter months approach but despite a substantial streamlining of our operational costs and overheads during 2018, we still have no choice but to pass on some of the wholesale cost increase to our customers.”
Today’s announcement will increase the typical gas bill by €1.54 per week. Details of the price increase will be sent to customers with their first gas bill dated after 1st November 2018.
Flogas has a 5% share of the residential natural gas market in Ireland.