Electricity pylon

The CER has confirmed the PSO Levy is to increase by 30%

The change will come into effect on 1 October 2017.

Today, the Commission for Energy Regulation confirmed that the PSO Levy for 2017/18 will increase to €7.69 per month, from €5.90 - a 30% increase.

This means that all domestic electricity customers will see an annual increase of almost €25 on their electricity bills.

The PSO levy is a standard component of all electricity bills, and is a charge all of us have to pay, regardless of our electricity usage - so the increase will be unwelcome news for anyone already struggling to pay their energy bills.

But it’s not all bad news, as Switcher.ie’s Managing Director, Eoin Clarke, explained that - despite this levy increase - it is possible to take back some control of these bills and reduce your spend.

He says: “You can do this in two key ways – reducing energy usage by making your home more energy efficient, and paying less for the energy you do use by moving to the most competitive tariff for your household’s needs.”

Switch to a cheaper electricity deal

The Irish electricity market is really competitive at the moment, with discounts of up to 33% available on some plans, and cash-back offers from suppliers, too.

Last year only 14% of Irish consumers switched electricity supplier, so the vast majority of us are languishing on higher standard tariffs.

Switching only takes a few minutes, and the average electricity customer could save up to €177 by moving from standard tariffs to the cheapest deal on the market.

So, if you want to try to combat the levy increase, why not compare electricity deals and see what you could save?