Annual electricity bills to rise by €90 a year

Customers' pockets will be hit hard by a hike in price of electricity, along with a 130% increase in the Public Service Obligation levy.

Electricity bills for over one million Irish customers are to rise by €90 annually.

The price hike is due to an increase in the price rate of electricity from Electric Ireland and Prepaypower, coupled with a 130% increase in the Public Service Obligation (PSO) levy that came into effect yesterday.