Electricity prices to come down as 'green levy' to be halved under planThe Commission for Regulation of Utilities has proposed a halving of the public service obligation levy to €23.04 for the 2019 to 2020 period. This country had the fifth highest rise in electricity prices in the European Union in the second half of last year. The public service obligation (PSO) levy was introduced in 2010, mainly to support the renewable energy sector in Ireland. Mr Cassidy said the lowering of the levy is also because energy prices overall have risen. Electricity prices in Ireland rose by 7.8pc over the last year.

Source: Irish Independent June 11, 2019 05:37 UTC