€50 credit for Electric Ireland's electricity customers

It said a €50 credit will be applied to each of its residential electricity customers in the New Year,Pat Fenlon, Executive Director of Electric Ireland, said that 2022 has been a very challenging year for its energy customers, mainly as a result of increases in international gas prices.

"We are acutely aware of the pressures that customers face this Winter and, recognising these exceptional circumstances, Electric Ireland is forgoing profit from its residential electricity business. Electric Ireland's residential customers can each expect to receive €50 credit in the New Year," he said.

Mr Fenlon said the company was committed to helping any of its customers who experience financial difficulty. "As always, we encourage any Electric Ireland customer who has difficulty in paying their energy bill to engage with us and we will work with them to put a manageable payment plan in place," he added.

Electric Ireland last increased its residential electricity and gas bills from 1 October after also increasing them in August.It said the price hikes were due to the unprecedented increases in international energy market prices and their impact on wholesale gas prices.

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