Government to discuss implementation of €200 energy credits

The Cabinet will meet this morning to discuss how to execute the energy assistance measures in Budget 2023.

Minister Eamon Ryan will present the Government with a document explaining how the three €200 energy credits for all homes would be paid.

One credit will be paid before Christmas, and two credits will be paid after that.

A strategy will also be put in place to guarantee that Traveller community members who pay their local authority for power receive the credit.

Meanwhile, work in government is ongoing to ensure that consumers on pre-pay energy plans are not disconnected, although this topic is not explicitly on today’s Cabinet agenda.

In other news, Electric Ireland will tell the Oireachtas Committee on Environment and Climate Action this morning that disconnections will always be the last choice, and that there is a legislative moratorium in place for vulnerable customers this winter.

The energy company will also disclose that it anticipates its wholesale energy expenses to rise to a whopping €2 billion.

This cost was €300 million two years ago, and the change has resulted in price increases difficult for customers to absorb, TDs and senators will hear.

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