Bord Gáis Irish Energy Index down 1% in December and up 5% in 2011
Jan 9th, 2012 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
A decrease in both gas and electricity prices drove the Bord Gáis Irish Energy Index 1% lower for the month of December. The ongoing European sovereign debt crisis, fears about global economic growth in 2012 and a mild start to the winter across Ireland, the UK and Europe, all contributed to put downward pressure on gas and electricity prices. However, Ireland did not benefit fully from falls in fuel commodity prices as the euro weakened over the month. The index now stands at 143, which is 5% higher than in December 2010.