Molly Ayala
As part of Budget 2025, the next €200 electricity credit payment was announced to be paid in two instalments of €125 each. The first instalment was to be paid in late 2024, in either November or December, and the second instalment was to be paid in early 2025, in February or March. This credit is designed to provide relief to households struggling with rising energy bills and the cost of living crisis. It is also intended to offset the impact of increased network charges for electricity, which are expected to add €8.42 to monthly electricity bills.
| Characteristics | Values |
|---|---|
| Amount | €200 |
| Number of Payments | 3 |
| Payment Dates | November/December 2024, February/March 2025, and an unspecified date |
| Payment Method | Credit on electricity bill |
| Eligibility | All domestic electricity account holders, including pay-as-you-go customers |
| Additional Support | Additional Needs Payment from the Department of Social Protection |
| VAT | Included in the €200 credit |
| Total Credit | €600 |
| Purpose | To provide relief from high energy prices and the cost of living crisis |
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What You'll Learn
- The first €200 payment was applied in November/December 2022
- The second €200 payment was applied in January 2023
- The third €200 payment will be applied in March/April 2023
- The payment will be split into 3 smaller credits for some pre-pay meters
- The payment is part of a broader package to support households and businesses
The first €200 payment was applied in November/December 2022
The €200 credit is designed to provide all domestic electricity account holders with a contribution to their electricity bills. In some cases, tenants in rented accommodation pay their landlord for their electricity and do not have a domestic electricity account in their name. In these circumstances, it is expected that landlords will pass on the credit to their tenants. The Department of the Environment, Climate and Communications has partnered with the Residential Tenancies Board (RTB) to ensure that this is communicated widely across the rental sector, to landlords and tenants alike.
The €200 electricity credit was applied over the course of three separate top-ups or vends for customers using prepay meters. These meters have a €300 credit limit, and the government credit could exceed this limit. As a solution, the credit was broken down into three smaller credits of €90, €90 and €20, which could be redeemed over the course of a few days by the customer making a €10 payment towards their electricity bill. Customers were advised to pay €10 on each occasion to receive their credit and to allow one day between each payment.
The second and third payments of €200 were paid in January/February and March/April 2023. This €600 intervention followed an additional €200 (including VAT) electricity credit, that was paid out earlier in 2022. This intervention cost over €1.2 billion and was part of a broader €4.1 billion package of one-off measures announced in Budget 2023 to support households and businesses across the country amidst high energy prices resulting from Russia's invasion of Ukraine.
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The second €200 payment was applied in January 2023
The €200 electricity credit was automatically applied to over 2.2 million domestic electricity accounts, including both bill pay and pay-as-you-go customers. Depending on the billing cycle and electricity supplier, households saw the credit during January or February 2023. Each domestic electricity account holder benefited from the VAT-inclusive amount of €200, with €200 exclusive of VAT amounting to €183.49.
For customers using pre-payment meters, the credit was applied in three separate transactions of €90, €90, and €20 over a few days. This was due to the €300 credit limit on these meters, which would have been exceeded by the government credit. Tenants in rented accommodation who pay their landlords for their electricity were also eligible for the credit. The Residential Tenancies Board (RTB) provided guidance to ensure that landlords passed the credit on to their tenants.
The second €200 payment was part of a series of government initiatives to alleviate the financial burden of rising energy costs on households. Other measures include the Fuel Allowance, which provides eligible households with €924 per year, and the Living Alone Allowance, which includes an additional €200 payment for recipients. These initiatives aim to provide relief to households struggling with high energy bills, particularly during the winter months.
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The third €200 payment will be applied in March/April 2023
The third tranche of the €200 electricity credits will be applied in the March/April 2023 billing cycle. This will be the third and final payment of the €600 intervention, which was announced as part of Budget 2023 to support households and businesses in the midst of high energy prices. The intervention will cost over €1.2 billion and is part of a broader €4.1 billion package of one-off measures.
The first €200 credit was applied before Christmas, during the November/December billing cycle. The second €200 credit was applied on 1 January 2023 and will continue over the January/February period, depending on the household's billing cycle and electricity supplier. Similarly, the third €200 credit will also depend on the billing cycle and supplier.
The €200 credit is inclusive of VAT and will be paid directly to over 2.2 million domestic electricity accounts, including both bill pay and pay-as-you-go customers. For customers using pre-pay meters, the credit will be applied over three separate top-ups or vends of €90, €90, and €20. These smaller credits can be redeemed by making a €10 payment towards the electricity bill, with a one-day gap between each payment.
In addition to the €200 electricity credits, Budget 2025 includes further measures to help households with energy costs. For instance, the Fuel Allowance has been increased, and there is an additional €200 payment for recipients of the Living Alone Allowance. Homeowners will also receive a €250 energy credit in two instalments of €125 in late 2024 and early 2025. While the cost of electricity in other EU nations has reduced, electricity prices in Ireland remain very high, with a 70% increase since 2020.
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The payment will be split into 3 smaller credits for some pre-pay meters
The next €200 electricity credit payment will be paid directly to over 2.2 million domestic electricity accounts in Ireland from 1 January 2023. This is the second of three €200 electricity credits announced as part of Budget 2023. The first credit was applied in the November/December billing cycle, and the third will apply in the March/April billing cycle.
The €200 credit will be applied automatically to all domestic electricity accounts, including pay-as-you-go customers. However, for customers using older pre-payment meters with a €300 credit limit, the credit will need to be redeemed over three separate transactions over a few days. This is because the government credit of €200 could exceed the meter's credit limit.
As a solution, the credit will be split into three smaller credits of €90, €90, and €20. To redeem each credit, customers will need to make a €10 payment towards their electricity bill. After making the €10 payment, the credit will then be automatically added to the top-up. Customers are advised to allow one day between each €10 payment.
This scheme is being operated by the Distribution System Operator (ESB Networks) and electricity suppliers. ESB Networks pass the funds to the energy suppliers, who then credit the domestic electricity accounts. The credit line item will appear on bills as €200 (excluding VAT) with the identifier 'Government Electricity Credit'.
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The payment is part of a broader package to support households and businesses
The next €200 electricity credit payment was set to be paid to over 2.2 million households in Ireland from 1 January 2023. This is the second of three €200 electricity credits announced as part of Budget 2023. The first credit was applied in the November/December billing cycle, while the third will be applied in the March/April billing cycle. The total €600 intervention is part of a broader €4.1 billion package of one-off measures to support households and businesses in the midst of high energy prices, which have resulted from Russia's invasion of Ukraine.
The electricity credit scheme is designed to provide all domestic electricity account holders with a contribution to their electricity bills. This includes pay-as-you-go customers and those using pre-payment meters. In rented accommodation, where tenants pay their landlord for their electricity, the Residential Tenancies Board (RTB) is providing guidance to ensure that the credit is passed to tenants.
In Australia, the government is also providing support to households and small businesses with their energy bills. The Energy Bill Relief Fund provides rebates to eligible Australian households and small businesses with electricity bills. Households may receive up to $300 of energy bill relief, while eligible small businesses may receive up to $325. These rebates will be automatically applied to electricity bills in two quarterly instalments of $75.
Additionally, households and small businesses in embedded networks, such as caravan parks, apartment buildings, or shopping centres, may be eligible for additional rebates. These rebates will be applied from 1 July 2025 and will provide eligible customers with an additional one-off payment of $150.
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Frequently asked questions
The next €200 electricity credit will be paid on 1 January 2023. This is the second of three €200 electricity credits announced as part of Budget 2023.
The credit is automatic; people do not need to apply for it. It will be paid directly to over 2.2 million domestic electricity accounts, including both bill pay and pay-as-you-go customers.
Each €200 electricity credit will need to be redeemed over three separate top-ups or vends of €90, €90, and €20. To redeem each credit, pay €10 towards your electricity bill, and the credit will then be automatically added to your top-up. Allow one day between each €10 payment.
The Residential Tenancies Board (RTB) is providing guidance to landlords and tenants to ensure that the credit is passed to tenants. The Department of the Environment, Climate and Communications has partnered with the RTB to ensure that this is communicated widely across the rental sector.
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