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Ministers Consider A Cut To VAT On Household Fuel And Another Energy Credit

A VAT cut on household fuel and a cut to the PSO levy on energy bills could be on the way. It's amon...


Ministers Consider A Cut To VA...

News

Ministers Consider A Cut To VAT On Household Fuel And Another Energy Credit


A VAT cut on household fuel and a cut to the PSO levy on energy bills could be on the way.

It's among new measures which will come before cabinet ministers tomorrow to further tackle rising energy costs.

Another lump sum payment of €99 is also being considered for the 370,00o people who are in receipt of fuel allowance.

The cut to the PSO levy on energy bills could also result in an extra saving of around €50 a year.

Chief Economist with Davy stockbrokers, Conall MacCoille, has warned consumers will still feel the squeeze in April and May.

He pointed to recent price hikes from a number of energy companies.

It's expected the new measures going before cabinet tomorrow will save the average household €110 euro a year.

 



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Cost Of Living Energy Costs VAT

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