Electricity Bills Set to Rise (Once Again)
There is more headache on the way for Irish billpayers as the PSO Levy is set to reach it's highest ever amount at € 480 million, with the vast majority of it going to wind energy. This hike to electricity bills comes at a time when wholesale prices for electricity will be at their lowest since 2017 - when it was also €46 per MWh. So these savings will not be passed on to the consumer.
In fact, Irish consumers are locked into high energy costs for a long time. You may have voted for the Lisbon Treaty, which guaranteed an internal market with a highly competitive social market economy but you won't be getting that.
The graph below shows how much electricity generating capacity has grown since 2006, at the height of the building boom. We had sufficient capacity then, but now we have twice as much as we need, with demand on or about the same. As wind farms cannot replace a conventional power station, it means that each new wind farm built is additional to our capacity requirements, and all of this excess capacity must be funded by consumers through taxes and levies and hidden costs.


