Bord Gáis to seek increase in gas prices

Dublin- Households look set to face an increase in their gas bills later this year after Bord Gáis confirmed that it would be applying to the energy regulator for a price increase.

Announcing its annual results today, the company said it would be seeking an increase of between 15% and 20%. It says the increase is needed as the cost of gas purchases have doubled in the past year. In the UK, gas prices have already increased by an average of 16% so far this year.