Energy bills to jump as plans unveiled for ‘massive’ hike in levy

“Householders and businesses are facing higher electricity costs after the regulator for the sector proposed a massive hike in a levy on bills.The Commission for Energy Regulation has proposed that the public service obligation (PSO) levy goes up by 40pc for consumers.The levy is mandated by the Government and is mainly used to cover the cost of subsidy schemes to support the generation of electricity from renewable sources, such as wind farms.

Source: Energy bills to jump as plans unveiled for ‘massive’ hike in levy

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s