Bord Gáis Irish Energy Index falls from 31-month high with dip of 5% in May
Jun 13th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Bord Gáis Irish Energy Index fell from a 31-month high with dip of 5% in May as the wholesale price of gas increased while the wholesale prices of oil, coal and electricity all fell in in the month, giving rise to the biggest one month decline in the index since March 2009. The index dropped 5% in May despite a weakening of the euro versus the US dollar and Sterling. However, the index remains 27% higher than 12 months ago, rising from 110 in May 2010 to 140 in May 2011.