Electricity bills could increase by €1.75 a month to allow €18.9bn investment in grid

Estimated impact on a typical domestic customer’s network charges is about €12 per year on average, according to utilities regulator

The changes are due to come into effect from January 1 and continue through to the end of 2030.

Household electricity prices could increase by €1.75 a month after the Commission for Regulation of Utilities (CRU) published its latest price review, which would see €18.9bn generated for investment in the grid.

According to the CRU’s Final Determination for Price Review Six (PR6), the estimated impact on a typical domestic customer’s network charges is about €12 per year on average, increasing to up to €21 per year if the higher investment case is realised.