Regulator approves higher charge on domestic gas bills

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Regulator approves higher charge on domestic gas bills

The energy regulator, the Commission for the Regulation of Utilities (CRU), has approved a tariff increase of between €33 and €60 a year to bills, depending on usage.

Some 720,000 gas customers are to be hit with the higher tariffs.

The increased tariff will be in addition to charges already included in the standing charge levied on bills by gas suppliers to cover network costs. These are distribution and transmission charges that cover the cost of transporting gas.

Approval for the increased tariff comes days after the regulator sought submissions on a proposed hike in the levy on electricity bills to subsidise wind farms.

The CRU said the tariffs on gas bills will support the plans by the network operator, Gas Networks Ireland, to deliver “a safe, secure and decarbonised gas network”.

Depending on annual consumption, which varies from year to year, it is estimated that a residential gas customer’s annual bill could see increases of between €2.75 and €4.98 per month.

Over…



We’ve summarized this news for a quick read. If you’re interested, you can read the full article here:

Regulator approves higher charge on domestic gas bills
Independent.ie

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