Over two million households to receive €200 electricity credit from tomorrow

Over 2.2 million households will receive the next €200 electricity credit payment from tomorrow.

Depending on a household’s billing cycle, people will benefit from the credit during January or February.

This is the second of three €200 electricity credits announced as part of a suite of measures under Budget 2023 to deal with the cost of living crisis.

The first €200 credit was applied before Christmas as part of the November/December billing cycle.

The third credit will apply in the March/April billing cycle amounting to a total of €600.

This €600 payment will ultimately cost the State over €1.2 billion.

This is part of a broader €4.1 billion package of one-off measures that was announced in Budget 2023.