Cost of living: All households in Ireland set for €150 electricity credit within days - how to claim

The first instalment of the €450 electricity credits as announced by the government in Budget 2024 is set to be issued within days - here's how to make sure you avail of it

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13:31, 21 NOV 2023

Plugs in sockets with euro notes — Plugs in sockets with euro notes (Image: Getty Images)

All households are set for the first instalment of the €450 electricity credits within days.

There will be three credits paid out between the 1st of December and the 31st of March.

Some providers have released the exact details that people can expect them to land.

Read more:Minister shares exact details of when thousands will avail of €400 bonus this week

Here's everything you need to know about how to claim.

How will the credit be applied to my account?

If you get electricity bills, the credit will be applied automatically and you do not need to apply for it.

You should see a ‘credit line’ on your bill to the amount of €137.61 (this is €150 excluding VAT at 9%). The total payments will be €412.84 excluding VAT across the three instalments. The credit will have an identifier on your bill of either ‘Government Electricity Credit 1, 2 or 3’ or an abbreviated version of this depending on your supplier, e.g. ‘Govt. Credit 1’.

Will I still get the electricity credit if I have a PrePay meter?

Yes, your provider will send you a top up code for the amount of the credit.

If they have your number, it will be sent via SMS from the 1st of December but you may receive your code via email or a letter in the post also.

When exactly is it paid?

The first credit will be applied to accounts between the 1st of December and the 31st of December.

The exact date you get your credit will depend on the date that your supplier normally sends you your bill.

Some providers have released the dates that customers can expect to receive a code for their prepay meters.

PrepayPower customers will be paid their credit instalments within the following dates:

First instalment: Between December 1st and 6th, 2023.
Second instalment: Between January 1st and 6th, 2024.
Third instalment: Between March 1st and 6th, 2024.

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