Energy Minister Alex White is to demand answers from the heads of Irish energy firms concerning a failure to pass along savings to consumers.
According to the Irish Independent, Minister White will be calling the heads of Electric Ireland, Bord Gáis, SSE Airtricity and Energia. While electricity prices have seen a drop of 2%, gas prices have not fallen.
In the UK, British Gas announced this week that it is to cut gas prices by 5% in February. British Gas is part of the Centrica group, as is Bord Gáis Energy (since mid-2014).
Whether they’ll actually listen and turn down their prices so we can turn up the heat is another matter, however.
In other news, some Irish households could be missing out on €2,000 of savings by failing to look around for better prices, according to the Independent‘s Charlie Weston. Companies will often offer the best deals to new customers, without rewarding continued and loyal customers. Consumers, he says, should check car insurance, home insurance, phone plans, refuse collection, broadband and gas and electricity suppliers to ensure they have the best price the market can offer.