All households in Ireland will see a reduction of €3.89 a month or €57.34 a year on electricity bills from October 1st 2018.
From 1st October 2018 , the CRU (Commission for Regulation of Utilities) has decided that the PSO Levy will be decreased to €3.48 a month from €7.69 (ex VAT) . This will result in an new annual charge of €47.40 (inc VAT) – reduced from €104.74 (inc VAT) .
This will mean a reduction overall of €3.89 a month or €57.34 a year on everyone’s residential electricity bill.
This PSO is imposed by the Government on all electricity customers regardless of their supplier and is shown as a separate item on electricity bills. It is designed to recover the additional costs associated with electricity from specified sources of generation, including sustainable, renewable and indigenous sources.
You can see here how much the PSO levy was in previous years
The cut in the PSO levy will be wiped out by the electricity price increases announced by most of the Electricity from August 2018 – details of those here.