Budget 2023: Reduction of basic charges on electricity bills under consideration – Taoiseach

The Taoiseach said the reduction in basic charges on utility bills will be considered as part of budget negotiations.

he Irish Independent Earlier this week it was revealed that households are paying at least €300 more on their electricity bill before even turning a switch, with some providers charging as much as €700 a year in subscription fees.

Mr Martin ruled out household food vouchers or food stamps to help people and said next week’s actions would focus on “financial support”.

The government has promised to introduce a windfall tax on energy companies’ super-massive profits, and this will be returned to the public in the budget through a series of measures including the €200 electricity loan.

“The state will source some of that windfall profit and give it back to consumers and households,” Mr. Martin said.

“We will also look into this with regard to the basic fees. There is no room for energy companies to take advantage of this situation in any way and I would be concerned about an increase in subscription fees in terms of how it would affect the public.”

The Taoiseach said there needs to be “really clear transparency about all of this and proper explanation and accountability” from energy companies to the government.

He also promised that no one would turn off their lights this winter if they couldn’t pay their bills.

“Especially people with medical needs should not be afraid of being taken off the grid at any time during the crisis.”

Mr Martin said the €200 energy loan, tax cuts and a “cost-cutting programme” are part of next week’s budget and a multi-billion-dollar cost-of-living package.

“We would look at other areas there where we can cut costs across the board, really in terms of how we give people extra resources to deal with the crisis that has manifested itself in the form of energy costs etc., that’s the approach we’re taking,” he said.

https://www.independent.ie/business/budget/budget-2023-reducing-standing-charges-on-electricity-bills-under-consideration-taoiseach-42010294.html Budget 2023: Reduction of basic charges on electricity bills under consideration – Taoiseach

Fry Electronics Team

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