Commission for Regulation of Utilities<\/a> said in a statement.<\/p>\nThis will \u201csupport renewable generation, offshore grid development and improving security of supply and resilience,\u201d it added. <\/p>\n
The revenue falls \u20ac138 million short of what the two energy providers had initially requested, the Commission confirmed, as the regulator gained \u201cfinal allowances resulting in a lower customer impact than originally proposed\u201d.<\/p>\n
The estimated increase in household monthly electricity bills, \u201cfor a typical domestic customer\u201d, amounts to \u20ac3.44, adding up to \u20ac41.25 in total between October 1st, 2026 September 30th, 2027.<\/p>\n
This \u201cis around \u20ac13 less than if the network companies\u2019 request had been approved in full,\u201d the commission pointed out, which it says reflects a \u201creview of the costs to ensure customers pay only for necessary and justified investment\u201d.<\/p>\n
\u201cNetwork costs are one element of the overall customer bill and represent circa 30 per cent of an end user\u2019s overall cost of energy to the home,\u201d the regulator continued.<\/p>\n
It said it \u201creviewed the expenditure in line with its annual regulatory process, supporting the recovery of investment costs in a fair and transparent way for its customers.\u201d<\/p>\n
The increase in network charge coincides with a 66 per cent reduction in the Public Service Obligation (PSO) Levy, a mandatory charge on electricity bills that funds sustainable energy projects. <\/p>\n
This will see a decrease from a monthly flat fee of \u20ac1.59 for residential users to \u20ac0.51, the regulatory body confirmed. <\/p>\n
\u201cOur decisions have limited the increase to end users to the greatest extent possible while ensuring the necessary investment in our energy network continues at pace,\u201d Fergal Mulligan, the Commission\u2019s chairman, said.<\/p>\n
\u201cWe have sought to balance the investment needed in a safe, reliable and resilient electricity network with the impact on customers,\u201d he continued.<\/p>\n
The commission \u201censures that renewable energy support schemes are funded transparently, efficiently and in the interest of customers,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"Household electricity bills are set to rise from October after the national utilities regulator approved increased network charges…\n","protected":false},"author":2,"featured_media":36809,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,55871,78917,61,60],"class_list":["post-575722","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-commission-for-regulation-of-utilities-cru","tag-esb-networks","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/575722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=575722"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/575722\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/36809"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=575722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=575722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=575722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}