Electricity Reduction

Freddie Mcinerney · 07-02-2022 2:35am #1

Are we getting the €100 reduction or not on the next electricity bill?

Atlantic Dawn · 07-02-2022 2:51am

Last I heard was late March or early April. They will ideally want it processed a month or so before 1st May when the next round of annual carbon tax is added to generate new rage.

Freddie Mcinerney · 07-02-2022 2:53am

https://www.boards.ie/discussion/comment/118593430#Comment_118593430

Yeah I thought it was the January and February duration and the bill would roll out early March.

There be a twist in the tail.

https://www.irishtimes.com/news/politics/householders-to-get-100-off-electricity-bills-by-end-of-march-1.4784792#:~:text=The%20%E2%82%AC100%20credit%20is,saving%20passed%20on%20to%20them.

Pa ElGrande · 07-02-2022 8:59am

I'm in favour of getting our money back, you must also look to switching providers to save money.

From price increases implemented last year alone, some customers will be paying around €1,300 more for powering and heating their homes in 2022, which, needless to say, is an enormous amount of money. However, it’s still possible to save on your energy costs by switching to a better deal and offsetting the cost of rising prices.

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That €100 is a token amount that comes out of carbon tax and there are yet MORE price rises happening from May 2022

The carbon tax is one of many policies in place that are aimed at reducing greenhouse gas emissions. The Oireachtas has legislated, through the 2020 Finance Act, to progressively increase the rate of carbon tax each year so that it will reach a rate of €100 per tonne of carbon dioxide emissions by 2030. The increase in the rate by €7.50 in Budget 2022 brings the overall rate to €41 per tonne. The increase applied from 13 October 2021 for diesel and petrol, and will apply from 1 May 2022 for all other fuels to allow for the winter heating season.

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The Government goals is that 600,000 electric heat pumps are installed in Irish homes by 2030. The expectation is 400,000 being retrofitted to existing homes, mainly to replace oil fired boilers and they (the SIMI) wants 1 million electric vehicles on the road by 2030. It is deliberate Irish government policy to restrict the availability of primary energy sources and force more people that ever to depend exclusively on electricity complete with new charging structures. Dublin with the most households is already supply constrained, thus more HVDC lines must be put in place and the grid balancing costs necessary to stabilise the grid are going to increase. There are loads of other threads you can argue the merits or not of this, however, the current policy means we will of necessity need to carefully manage energy costs, high prices will make us cry, no supply means we will die.

Freddie Mcinerney · 15-02-2022 6:08pm

I knew it be pushed out.

1. Energy rebate - Late March

The government had previously pledged to give €100 excluding VAT to every household to help pay for electricity. It was today announced the credit has been increased to €200 inclusive of VAT.

The rebate will be automatically paid to electricity account holders in the March/April billing cycle and can be carried over if the full amount is not used in the given month.

seenitall · 15-02-2022 7:00pm

Yeah, kind of annoying, as it is my February bill that will be in most need of it. Not the April one, by any means. By April, I’ve usually stopped heating the place.

Freddie Mcinerney · 15-02-2022 7:08pm

https://www.boards.ie/discussion/comment/118636301#Comment_118636301

Our gas boiler was out of action for about two weeks over Christmas and January. Heating water and house is normally achieved by gas.

For the two week period, the immersion was used for heating water. Rooms were heated with electric heaters.

Well at least the €200 will roll over if not all used within two months.

Electricity Reduction

Comments

1. Energy rebate - Late March