An electricity levy that was previously suspended in 2007 has been revived and will now be imposed on all electricity customers come this October. The new levy will see an increase in electricity prices of up to 5% and plans to raise €156 million in order to improve the security of energy supply and for the development of renewable energy.
Leo Varadkar, the Fine Gael spokesman on energy said “Consumers and businesses are going to have to pay the bill for Eamon Ryan’s green energy revolution and his unwillingness to squeeze the ESB.” The Labour Party described the increase as… “bad news for business and bad news for consumers”.
The announcement of the levy was also met with strong opposition from many punters saying that “now is not the time to be hitting the ‘Joe Public’ with this expense”…“We already have a levy on electricity costs. We have the most expensive electricity in Europe…. driving up the price of power will drive some further into poverty.” A spokesperson for the ESB also recently told the Sunday Independent that it has cut off power to 900 households a month because they can’t pay their electricity bills.
The 5% increase in the levy would mean an extra €30 – €40 charge on the average €800 annual electricity bill.
Have your say:
- New Electricity Levy on household bills: Is it fair?