Bord Gais Energy

Bord Gais announce a 2.2% price increase blaming international wholesale energy prices.....

http://www.independent.ie/business/...oing-up-for-bord-gais-customers-29968302.html

Meanwhile in the real world, European inflation falls to 0.7% mainly due to a decrease in the cost of energy.

http://www.independent.ie/business/...oing-up-for-bord-gais-customers-29968302.html

Thank God, Irish Water will be different.....

To be fair to Bord Gais, they also blame the weak Euro and they are right.

On the 31st January 2013, the Euro would buy $1.355. Today, that same Euro would only buy $1.3516. I wonder how much of the 2.2% increase, the 0.25% fall in the euro accounts for.

If their average wage was the same as the average industrial wage their costs would be much lower. In the case of the ESB it would be 25% lower.

Some very successful misdirection from our energy companies.

If Bord Gais energy was correctly run as a semi-state instead of being sold off as part of a lousy deal by the government to pay for the unsecured Bondholders/Banking crisis, the cost of energy the consumer would be much lower.

werner said:

If Bord Gais energy was correctly run as a semi-state instead of being sold off as part of a lousy deal by the government to pay for the unsecured Bondholders/Banking crisis, the cost of energy the consumer would be much lower.

Click to expand...

How do you work that out considering it always has been a semi-state company? Same with the ESB. How come most areas that have recorded above inflation price increases in the past year have come in public sector or semi state sectors? Education, Health, Public Transport and Energy have all enjoyed increases at multiples of the inflation rate. Hardly a ringing endorsement for the correctly run semi state sector.