The Bill will now pass through both Houses of the Oireachtas and once enacted, will provide three payments of €150 (including VAT) to over 2.2 million (domestic) electricity accounts between December 2023 and April 2024.
Households do not need to apply for the credit or contact their electricity supplier as it will be applied automatically. The first credit will be applied in December 2023 and will show on bills in December or January. The second credit will be applied on 1 January 2024 and the third will be provided on 1 March 2024.
As per earlier schemes, the credit will be applied to a Meter Point Registration Number (MPRN). Previously households whose electricity was supplied through 'sub meters' were not eligible to receive the credit. The Department will establish a Submeter Support Scheme, working directly with electricity suppliers to ensure that 'sub-meter' households receive the same support as households with a dedicated MPRN.
-- Advertisement --
Another change from previous schemes is that properties with a very low level of electricity usage over four consecutive quarters will be identified as not needing the credits. The threshold for very low electricity usage will take into account the use of basic appliances.
Any account that is registered as a vulnerable customer, has low usage due to microgeneration or has a hardship meter installed will not have their Electricity Credit withheld.
Minister for the Environment, Climate and Communications, Minister Ryan, said: "The government is acutely aware of the continued pressure faced by households in relation to energy costs. While recent price reductions announced by suppliers are welcome, energy prices are still higher than they were in 2020 for a variety of reasons. That is why, as part of the government’s package of measures in Budget 2024, we announced this package of three electricity credits which will go directly to over 2.2 million households across the country. This year, we are also doing everything we can to ensure that the credits get to the people who need them.
"It is vitally important that people stay warm and well this winter. People should not go without heat or light. We are urging people to stay engaged with their energy supply companies and to know that there are supports available if you are facing difficulties paying your bills."
