08/04/2004

Phoenix Gas suspend gas price increase

Phoenix Natural Gas has agreed to suspend a proposed 20% gas price increase following a meeting with the Government today.

Enterprise Minister, Barry Gardiner and fellow NIO Minister, Ian Pearson today met with Sir Gerry Loughran, Chairman of Phoenix Natural Gas, Peter Dixon, Chief Executive of Phoenix Natural Gas, and Phil Holder, Managing Director of East Surrey Holdings plc, to discuss the issues surrounding the rise.

At the meeting Phoenix explained the difficulties they faced but agreed to the suspension for a period in the interests of consumers.

Speaking after the meeting, Mr Gardiner said: "This is welcome news for consumers and for the gas industry in Northern Ireland. I am delighted that Phoenix has now helped to create a window of opportunity within which we can address all of the issues facing the gas industry.

"We now need to find solutions for both the current price increase and the long term licensing renegotiation issues. This is crucially important for gas consumers and the further development of the industry."

Last month, Phoenix Natural Gas announced its intention to raise prices in Northern Ireland by around 20%.

The gas giant blamed supplier, British Gas Trading (BGT), for the increase which would see customers paying an extra £1.36 a week on average.

(MB)

Related Northern Ireland News Stories
Click here for the latest headlines.

10 March 2020
First & Deputy First Minister Cancel Washington Trip
Arlene Foster and Michelle O'Neill have cancelled their planned trip to Washington on Wednesday. The First and deputy First Ministers will instead attend a COBRA meeting on the coronavirus at Downing Street.
12 March 2020
Coronavirus: BCC To Hold Special Meeting
Belfast City councillors are to convene in a special meeting to assess the growing threat of coronavirus. It comes after it emerged that protection measures are to be stepped up in the Republic of Ireland, with all schools, colleges and childcare facilities to close. A total of 20 cases of the virus have been confirmed in Northern Ireland.
02 April 2004
Minister to meet Phoenix Gas over price hike
Enterprise Minister, Ian Pearson is planning to meet Phoenix Natural Gas and Centrica next week to press them for a rethink on gas price increases. The Minister met yesterday with the Northern Ireland Authority for Energy Regulation (NIAER) to discuss their report on the circumstances surrounding the price increase announced by Phoenix Natural Gas.
16 July 2004
Phoenix Gas price increase cancelled
Phoenix Natural Gas has today cancelled its proposed 20% consumer price rise, after reaching an agreement with its supplier Centrica. The hike was announced in March but was suspended following pressure from local politicians and government.
27 September 2006
Phoenix Gas announces price rise
Phoenix Gas has today announced that it is to increase prices by 14.5% commencing on October 1 2006. This is the third time this year in which Phoenix Gas have raised costs. The average annual household bill is now expected to rise by £77 extra per year.