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Your electricity bill will now cost an extra €24 a year

It was announced that the Public Service Obligation levy is being increased by 30%.

Image: Sam Boal/Photocall Ireland

THE COMMISSION FOR Energy Regulation (CER) announced that it is raising the Public Service Obligation (PSO) levy meaning bills will increase across the board.

The levy is going up by just over 30%, which will mean an increase of €24.44 per year.

The new total levy will now be €104.74 per year – up from €80.30.

The increase will come into effect from 1 October and will impact all domestic electricity customers in Ireland.

The PSO levy is a standard component of all electricity bills and is a charge everyone pays regardless of electricity usage.

The average electricity bill in Ireland stands at €947 per year, according to Eoin Clarke of Switcher.ie.

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He said: “The fact that this PSO Levy change will push this up by another €25 will come as unwelcome news for anyone who is already struggling to pay their energy bills.”

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