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

@obraonain
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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