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Energy Regulator proposes 12% cut in annual electricity levy

More savings could be on the way for electricity customers

The Commission for Energy Regulation (CER) has proposed a 12% reduction in the cost of the Public Service Obligation (PSO) Levy for households.

Currently this levy stands at €64.37 (€73.06 including VAT) per year for every electricity household, and has increased every year since 2011.

The proposed 12% reduction in this levy would bring the price down to €56.52 (€64.15 including VAT) per year from 1 October 2015.

All electricity customers pay this levy and it is used to subsidise renewable energy generation and peat burning power plants. The levy also contributes to the cost of keeping power stations on standby.

The Commission for Energy Regulation has sought views on the proposed levy cost.

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