First of electricity credits on the way

As the first of three electricity credits hits household bills from tomorrow, December 1, Eoin Clarke, commercial director at Switcher.ie, says: “With temperatures plummeting and the cost of living still soaring, the first electricity credit will be a relief for many families in the lead up to Christmas. From tomorrow, customers will see a credit of €150 on their electricity account.

"You might not see the credit until later in December or January, depending on when you are due your bill.

"With 1 in 8 in energy arrears, the support will help thousands of households keep on top of sky-high costs. But with the typical household still paying €1,917 per year for electricity, all three government credits may only cover a fraction of their annual bill.

!"This makes it more important than ever that you're not paying more for electricity than you need to. With even bigger discounts on the table, you could save around €323 when you switch suppliers to the cheapest possible deal.

!You don’t need to worry about missing out on the credit if you switch plans, as your previous supplier will apply the credit to your closing bill.

"For those on prepay meters, your supplier should give you instructions on how to redeem the credit. If you’re renting and your landlord is the account holder, they are responsible for passing you on the credit. If they don’t, you can raise it with the Residential Tenancies Board.”