PSO levy on energy bills to be discarded from October

Elimination of the levy will save billpayers around €58 a year.

Eamon Ryan is to bring an “energy framework” memo to Cabinet on Wednesday to help offset the energy price crisis. Photo: Julien Behal

Eamon Ryan is to bring an “energy framework” memo to Cabinet on Wednesday to help offset the energy price crisis.

Government sources have confirmed the memo is likely to recommend the PSO levy should be eliminated on October 1 this year. The PSO (Public Service Obligation) levy is charged to all electricity customers in Ireland and supports the generation of electricity from sustainable, renewable and indigenous sources.