Factsheet for measure
IE-2022-45/2960
–
Updated
– measures in Ireland
New €600 electricity credit for domestic households
Background information
Budget 2023 took place against a background of strong economic growth of 10% (expected) in 2022, driven mainly by the multinational sector. According to the Government, growth is expected to continue in 2023, with the economy expected to expand by 4.7%. In addition, there are more people employed in Ireland than ever before. It is expected that over 2.5 million people will be in employment in 2023.
The Budget also took place against a background of high inflation and calls for the Government to intervene in the cost of living crisis and in particular, to support households with their energy bills.
Content of measure
The Government allocated €1.2 billion for energy supports to help consumers with the costs of utilities in 2022 and 2023.
According to the Department of the Environment, Climate and Communications: "The large increase in energy prices, driven by the war in Ukraine, is having a significant impact on families, households and businesses across the country".
Under the Electricity Costs Emergency Benefit Scheme II, all domestic electricity customers will get €600 credit to help reduce electricity bills. The credit will be paid in 3 instalments of €200. The first payment will be made in November 2022. The second electricity credit will be made in January 2023. The third will be made in March 2023.
The Commission for the Regulation of Utilities (CRU) is overseeing the scheme.
Updates
The following updates to this measure have been made after it came into effect.
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10 October 2023
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A further three Electricity Credits of €150 each were announced in Budget 2024 and are to be applied to domestic electricity bills in December 2023, January 2024 and March 2024.
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Use of measure
No available information.
Target groups
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Workers
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Businesses
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Citizens
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Does not apply to workers
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Does not apply to businesses
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Applies to all citizens
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Actors and funding
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Actors
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Funding
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National government
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National funds
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Social partners
Social partners' role in
designing the measure
and form of involvement:
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Trade unions
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Employers' organisations
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Role
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No involvement
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No involvement
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Form
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Not applicable
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Not applicable
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Social partners' role in the
implementation, monitoring and assessment phase:
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No involvement
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Main level of involvement: N/A
Involvement
No involvement.
Views and reactions
No available information on social partners' views.
Sources
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13 October 2022: The Budget in Brief Your Guide to Budget 2023
(www.gov.ie)
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13 October 2022: Major package of supports to protect families, households, and businesses in Budget 2023
(www.gov.ie)
