Budget 2025: All you need to know about the new energy credit

Consumer Interests: The new credit of €250 will be applied to all residential electricity bills and will be paid in two €125 instalments, writes John Hearne

Minister for Finance Jack Chambers (right) and Minister for Public Expenditure Paschal Donohoe in studio to appear on RTÉ's Claire Byrne show for the traditional post-Budget phone-in. Picture: Sam Boal/Collins Photo

As part of Budget 2025, the Government has announced all households will receive a €250 credit to help them cope with the continued high cost of energy bills this winter.

Even though all the main energy suppliers have announced moderate tariff cuts over the past year, prices still remain well above normal levels. Electricity prices, for example, are still about 80% above where they were in 2020 before covid, and then the war in Ukraine. Gas prices are about double what would be considered normal levels.