The New Year is almost upon us, and thousands of households are set to receive much-needed €200 energy credits as the energy crisis is likely to continue as we head into 2023.
As announced in The Budget, households would receive €600 in energy credits. The first €200 energy credit payment came in November and households are due to receive their second payment in January and the third, final payment in March.
Now the second payment is scheduled to come into electricity accounts from 1 January until the 28 February, 2023. Meanwhile, the third and final payment is expected to be received by households between 1 March and 30 April, 2023. Here's everything you need to know about the energy credits heading into 2023:
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Energy credit payments schedule
- The first instalment between 1 November and 31 December 2022
- The second instalment between 1 January and 28 February 2023
- The third instalment between 1 March and 30 April 2023
According to the Commission for Regulation of Utilities, the date you get your energy credit depends on the date that your supplier normally sends you your bill. The credit may not appear on your first bill during these payment periods, this will depend on your individual billing cycle. Suppliers will have information on their websites with the exact dates the credit will show on customers’ bills.
How will the energy credit payment be made?
The energy credit payment will be automatically applied to everyone’s electricity accounts, so you don't need to apply for it. The scheme will be operated by the Distribution System Operator (ESB Networks) who will make payments to all energy suppliers.
Who is eligible for the electricity payment?
The scheme applies to all domestic electricity accounts registered with an electricity supplier in the Republic of Ireland, and it is expected to benefit approximately 2.1 million account holders. The scheme will apply to all domestic accounts, including pay as you go customers.
What happens with pre-pay customers?
For pre-pay customers, you will be notified by your energy supplier via a letter or email to explain how you can redeem the credits. To get the credits, you must have an electricity meter which has a ESB Networks Meter Point Reference Number (MPRN). If your property/renal property does not have a ESB Networks MPRN your supplier will not receive this credit on your behalf.
How do I know if the energy credit has been added to my account?
You should see a ‘credit line’ on your bill in the amount of €183.49 (this is €200 excluding VAT). The total payments will be €550.47 across the 3 instalments.
It has the identifier ‘Government Electricity Credit 1, 2 or 3’ or an abbreviated version of this depending on your supplier (for example Govt. Credit). It must include “Government”, “Govt” or “Gov” and must state “1”, “2” or “3” to show which instalment you are getting.
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