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Gas customers facing 25% price hike

Gas customers are likely to face a sharp increase in prices from October after a decision by the energy regulator this afternoon.

The regulator said it was planning to approve a rise of just over 25% in the price Bord Gáis can charge residential and small business customers from October.

Bord Gáis had earlier sought a 33.6% increase to compensate it for a significant rise in the cost of the gas it buys on international markets.

The Commission for Electricity Regulation will issue a final decision before 9 September.