Friday July 10, 2020

Miscalculation leads to €13 million electricity refund

Customers charged an inflated tariff for the development of renewables are to be repaid with interest

Michael Brennan

Political Editor

30th August, 2015

Electric Ireland is to pay €13 million in compensation to two million electricity customers after overcharging them over a five-year period.

The money was gathered from the levy on electricity bills which goes towards providing a guaranteed price for renewable energy from wind farms.

The ESB-owned Electric Ireland had miscalculated how much money it should be getting from this Public Service Obligation (PSO) charge between 2008 and 2013. It contacted the energy regulator earlier this...

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