Bord Gais to sell off energy unit ‘in coming weeks’.
We are not citizens anymore, we are a new breed “the spineless ones” – we have become no more than conduit assets of the banking system.
Once this asset is sold off get ready for ever more expensive utility charges…and the government of the day will hide behind “it is a private company,it was a commercial decision.”
Just look across the water to the UK and observe how the sale of Britain’s energy companies worked out, not too good me thinks. Massive price increases whilst the companies post record profits.
Selling off key State assets to foreign owned companies will do no favour for this country in the long term!!
Just look at Telecom Éireann (now eircom) The company has struggled with international players buying it, stripping off key assets for short term gain, then piling the debt used to acquire eircom on top of the company and selling it on again!
Bord Gais Energy remains on track to become the first state asset to be auctioned off under the ‘New Era‘ privatisation scheme to be followed by the rest of the family jewels
During the three-month period, there were 4,181 disconnections for non-payment of electricity bills. Of these, 3,496 were in the domestic market. Although the figure shows a significant reduction in disconnections compared to the corresponding period in 2011, it was an 18 per cent increase on the previous quarter.
According to the Commission for Energy Regulation (CER), Electric Ireland accounts for the majority of disconnections in the domestic and non-domestic markets. However, when adjusted for market share, Airtricity completed the highest disconnection rate per 10,000 customers.
The quarterly report notes that disconnection from a customer’s energy supply “should always be the last resort”. Suppliers are also required to offer a payment plan and pre-payment solution to households.
Between 1 July and 30 September, there were 2,479 disconnections completed in the gas market, a leap of 36 per cent on last year.
The vast majority of the switch-offs were seen in domestic addresses.
Bord Gáis Energy completed the majority of disconnections in residential and non-domestic markets. However, when adjusted for market share, Flogas had the highest rate.
Pay as you go
The CER says it has been working with suppliers to facilitate the rollout of electricity and gas pay-as-you-go meters for customers experiencing financial hardship.
There were 4,384 electricity meters installed in the three months, a 22 per cent increase on the previous quarter.
Since 2011, more than 11,000 meters have been put in Irish homes. There are also about 19,500 token-meters in operation.
There was a decrease in the number of gas meters installed in the year with 3,431 households obtaining one. Of these, 93 per cent were installed for financial hardship reasons.
The total number of gas pay-as-you-go meters installed since December 2008 is 63,933.
Fewer households are switching electricity or gas supplier than they were in 2011, according to the quarterly report.
Bord Gáis, however, continues to experience a net loss in terms of the number of customers leaving. Electric Ireland has seen a net gain of 7,395 customers as it wins back households.
CORK North West TD Michael Moynihan (FF) says the announcement that Bord Gáis has been granted a 8.5% price hike calls into question the performance of the energy regulator and Department of Communications, Energy and Natural Resources.
Bord Gáis applied to the Commission for Energy Regulation (CER) for a 7.54% rise in its residential gas tariffs from October but it was announced today that an increase of almost 1% extra has been granted.