Annual levy on electricity bills set to fall from October

The annual bill for domestic electricity customers will decrease by €23.04 in 2021/22. File picture

Households and businesses are to get some relief from rising energy prices as the annual levy charged on their electricity bills to support the development of renewable energy is set to fall from October.

The energy regulator has indicated the annual bill for domestic electricity customers will decrease by €23.04 in 2021/22 — an annual decrease of 29% — as a result of the proposed reduction in the PSO levy.