Annual energy bills to drop by €30 in October due to levy cut

Business customers will enjoy an even bigger reduction, with their levy cut by over €90 per annum. Picture: iStock

Households are set to have their annual electricity bills cut by €30 from October due to a reduction in a levy paid to support the development of renewable energy.

The energy regulator has sanctioned a 34% decrease in the annual cost of the PSO levy for domestic customers which will see their annual energy bills reduced by €30.24.