will receive a payment of €89.10 as the charge to fund renewables is not needed due to the high wholesale price of electricity.
The payment will be made in monthly installments of €12.73 from March to September.
Customers will receive the payment as a credit on their bills. Pre-paid customers will have their daily standing charge reduced.
The Public Service Obligation levy (PSO) is in place to fund the investment in renewable power generation.
But because renewable generators have benefited from high wholesale prices over the past year, this subsidy is no longer required.
Article Source: Electricity customers to get payment of €89.10 – CRU – Robert Shortt – RTE