Decision Paper: Public Service Obligation Levy 2024/25
The CRU has today, 31 July 2024, published its Final Decision Paper which sets out the Public Service Obligation (PSO) Levy to apply to all electricity customers from 1 October 2024 to 30 September 2025.
For the PSO Year 2024/25 the CRU has calculated that €251.79 million will be required to support these renewable energy projects. This will result in a monthly charge of €3.23 and €12.91 for domestic and small commercial customers, respectively.
The PSO Levy is collected from electricity customers to fund schemes to support national policy objectives related to renewable energy for Ireland. The PSO Levy is key to enabling Ireland to meet its national targets in terms of the generation of electricity from renewables. The PSO is key in supporting renewable projects which play a vital role in lowering carbon emissions, reducing the impact of fossil fuels on the environment and reducing our dependency on countries which export fossil fuels.
Government policy determines the amount of subsidy provided to generators supported under the PSO. The CRU’s primary role is the calculation of the PSO Levy or PSO Payment annually and to help ensure appropriate and efficient administration of the scheme.