> The Commission for the regulation of Utilities (CRU) has announced that the PSO levy will be changed on the 1st of October, 2020 from the current €0.0933 cents per day to a new charge of €0.214 cents per day. (€6.52 per month or €78.24 per year).
The Public Service Obligation (PSO) levy is charged to all electricity customers in Ireland. It is designed by the Irish Government and consists of various subsidy schemes to support its national policy objectives. This year the PSO levy is entirely related to renewable electricity supports and is key in enabling Ireland to meet its national targets in terms of the generation of electricity from renewables and aligns with the CRU’s vision of achieving a secure, low carbon future.
Government policy determines the level of subsidy provided to generators supported under the PSO, with the CRU’s primary role being the calculation of the PSO levy. Specifically, in accordance with Government policy, the CRU’s role is to calculate the PSO levy annually based on support rates that are set by Government, and to help ensure that the scheme is administered appropriately and efficiently. The CRU has therefore prepared the Decision Paper (CRU/20/086), which sets out the PSO levy to apply to electricity customers from 1 October 2020 to 30 September 2021.
The change to the PSO Levy will automatically appear on statements printed in October