Kilkenny householders to benefit from lower electricity bills in New Year
KILKENNY householders have received an early Christmas gift as it emerged that electricity bills are set to drop in the New Year.
This is because the cost of supplying backup electricity to the market has fallen by more than €200m a year.
EirGrid has said that payments to generators to provide power in periods of high demand between October 2019 and September 2020 will be €345m following the introduction of a new auction system. This compares with an average annual spend prior to 2017 of €550m.
As a result of these savings, the national grid operator said domestic and commercial customer bills will fall as reductions will be passed on to customers.
An EirGrid spokesperson confirmed: “Customer bills will be cheaper because of this.”