Household Electricity Bills Expected to Rise by Up to €8.42 a Month Next Year
Dublin: Household electricity bills in Ireland could increase by up to €8.42 per month over the next year due to new network charges set by the Commission for the Regulation of Utilities (CRU). This adjustment is necessary to fund ongoing investments in the electricity system.
The CRU has established a revenue requirement of €1.4 billion for the transmission network operated by EirGrid, marking a 38% increase from the previous year. Conversely, the revenue requirement for the distribution system managed by ESB Networks is set at €1.1 billion, a decrease of 4.9%. The net effect of these adjustments is an estimated increase of €8.42 per month for domestic customers.
Suppliers will determine whether to pass these charges onto customers through their standing charges. The CRU advises customers to renegotiate or switch suppliers to potentially reduce their bills.
Jim Gannon, Chairperson of the CRU, emphasised the need for investment to support increased electricity demand and decarbonisation efforts. The CRU will continue to review network performance and investment needs to ensure value for consumers.
Additionally, the CRU will announce winter measures for consumers, including a disconnection moratorium and debt repayment plans for those facing financial hardship.
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