PROPOSALS to cut the levy on household electricity bills have been described as a “hollow victory”. The energy regulator, the Commission for the Regulation of Utilities (CRU), is proposing that the levy on all electricity bills to support renewable energy be reduced by a third. The CRU has proposed a public services obligation (PSO) levy of €63 for the end of this year and for next year. Read MoreThe PSO levy is charged to all electricity customers in Ireland and supports the generation of electricity from renewable and indigenous sources. This means that when the wholesale price of electricity rises the PSO levy tends to fall and vice versa.

Source: Irish Independent June 11, 2021 13:23 UTC