Residential customers of Bord Gáis Energy will see gas prices rise by over 2% next month following a decision by the Commission for Energy Regulation.
The commission said the increase was largely driven by lower demand for gas, which has led to higher network charges for individual customers.
It said that the increase granted was lower than had been requested by BGE as it sought to minimise the impact on customers.
In a statement BGE said it regretted that a price increase was necessary but said network tariffs were beyond their control.
“We continue to do everything we can to deliver good value for our customers” said the company’s managing director Dave Kirwan.
He said that the company was committed to helping customers pay their bills and offered a number of options “which allows customers to improve budgeting by spreading their energy payments over the course of the year.”
The 2.04%, which comes into effect from 1 October, will add €18.42 to the average gas customer’s annual bill according to the energy company.