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It’s looking increasingly likely the government will discard the Public Service Obligation levy on energy bills later this year.
The levy is charged to all electricity customers in Ireland and supports the generation of electricity from sustainable, renewable and indigenous sources.
Under new plans, the levy would be reduced to zero from autumn this year.
The levy currently adds just over €58 per year to all electricity customers in Ireland.
A package of measures to help with the cost of living will be brought to Cabinet this week with Environment Minister Eamon Ryan expected to unveil a number of short and long-term measures to help tackle the rising costs of fuel, energy and food.
Other measures expected are an information campaign to encourage changes in household behaviour to save money on energy costs as well as mandatory time of day pricing.
This system would allow customers with smart meters to avail of a cheaper tariff when using electricity outside of peak times.
However, it’s expected that the measures will not fully offset the rise in energy prices and consumers must expect to be paying more on their bills, with Taoiseach Micheál Martin warning last week of “uncertainty” for the rest of the year while the country deals with the rising cost of living.
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