Bord Gáis Energy Index fell in July as the euro recovered
Aug 9th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Bord Gáis Energy Index (BGEI), an Irish-specific index designed to measure the prices in the wholesale energy market, fell by 1% in July. The recovery of the euro versus sterling and the US Dollar helped offset increases in some of the individual Energy Index components. If the euro had been unchanged versus the US dollar and Sterling in July then the index would have risen to 115, a 4% increase on June’s index.