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Yikes - Your Electricity Bill Could Soon Be Costing You Even More Money

By Sarah

June 2, 2017 at 2:42pm

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Bad news for householders and business owners, as you could be facing an increase in your energy bills after the Commission for Energy Regulation proposed a huge price hike in the levy on bills.

The Irish Independent reports that the Commission has proposed that the public service levy (PSO), which is a levy on electricity bills and is used to cover the cost of schemes supporting renewable energy such as wind farms, to go up by 40%.

The proposal will see the levy go from €80 a year for domestic customers to €112, when valued added tax is included. 

Business bills are expected to be subject to a rise of 12%.

A final decision will be made in July, with the new levy coming into effect from October.

Better start watching the pennies so...

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