Irish energy customers will see a €127 saving on their electricity bills later this year after the Government signed off on new legislation on Tuesday.
The Cabinet agreed to allow the Commission for Regulation of Utilities (CRU) to set the Public Service Obligation (PSO) levy on bills to a negative rate.
The Government previously announced that the PSO levy would go to zero from October 1 this year (2022), which would lead to an annual saving of €52 (excluding VAT) on household bills.
