Consumers can expect to pay extra on their electricity bills as a proposed rise in the Public Service Obligation (PSO) levy is due to come into effect from October.
The PSO levy was introduced in 2010 to support the renewable energy sector in Ireland and goes towards developing wind and solar power on the island of Ireland.
However, with consumer’s finances already under considerable strain from the knock-on effects of the Covid-19 pandemic, yet another increase in costs will be hard to take.
Our Head of Communications at bonkers.ie, Daragh Cassidy, joined Declan on East Coast FM to discuss the reasons for the increase in the levy and what exactly it means for consumers finances.
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