REVEALED: Kildare electricity customers to get new payment from March

Electricity customers in Kildare will receive a payment of €89.10 as the charge to fund renewables is not needed due to the high wholesale price of electricity.

The Commission for the Regulation of Utilities (CRU) made the announcement today. 

The payment will be made in monthly installments of €12.73 from this March to September.

Customers will receive the payment as a credit on their bills.

Pre-paid customers will have their daily standing charge reduced.

The CRU said that the Public Service Obligation levy (PSO) is in place to fund the investment in renewable power generation.

But because renewable generators have benefited from high wholesale prices over the past year, this subsidy is no longer required.