Advertisement

News

More Energy Credits Aren't Off The Table In The Future

The government has left open the possibility of another energy credit later this year. Four credits...
Ben Finnegan
Ben Finnegan

12:19 PM - 3 Mar 2023



More Energy Credits Aren't Off...

News

More Energy Credits Aren't Off The Table In The Future

Ben Finnegan
Ben Finnegan

12:19 PM - 3 Mar 2023



The government has left open the possibility of another energy credit later this year.

Four credits worth €200 euro each have been announced already - with the last to be applied to electricity bills this month.

A fifth payment was not included in the latest cost of living package announced last month.

However, Finance Minister Michael McGrath says it doesn't mean it's the end of them:

"We haven't ruled that out.

"That is an issue that we will consider as we approach the budget in the autumn.

"There is a credit being applied this month to every domestic electricity account that costs over €400 million.

"That is the fourth such credit to be applied. And we, on this occasion, have gone with very targeted measures in relation to the cost of living."

CSO figures show there's been a 19% drop in the wholesale cost of energy from January 2022 to January 2023 however the majority of households have not seen a reduction in their bills.



Read more about

Cost Of Electricity Cost Of Living Energy Energy Credit

You might like