PSO Levy Reduction 2023

From 1st October 2022 , the PSO levy was reduced to zero . This has resulted in an annual saving of €52 (excluding VAT) on average household electricity bills.

However – in a new announcement on June 14th – the government proposed a further PSO levy decrease that will result in a negative figure or a PSO “rebate” for domestic household bills,

This lower revised 2022/23 PSO levy, was confirmed at the end of July by the CRU , and it will result in an annual reduction of €89.10 for domestic customers. Compared to 2021/22, this represents an annual saving of €140.76

There will b a delay in making changes to billing systems to cope with a negative PSO levy. In the interim, from October 1st, 2022, the CRU is setting the PSO levy to zero with the commitment to implement a mechanism to enable payments to customers as soon as possible in 2023.

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

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