Energy Credits To Return In Budget 2025, Says Finance Minister

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Energy Credits,Budget 2025,Ireland

Ireland's Minister for Finance Jack Chambers has confirmed the return of energy credits in the upcoming Budget 2025. This follows a successful implementation of energy credits in Budget 2024, where households received €450 worth of credits. The minister stated that there is government consensus on providing an energy credit to support households during the winter months.

Minister for Finance Jack Chambers has confirmed the return of the popular energy credits in the upcoming budget.

Energy credits have been a staple in the government's cost of living packages over the last number of years, with €450 worth of credits paid to every household as part of Budget 2024.Read more:Cost of living Ireland: Two groups in line to qualify for €750 cash boost in Budget 2025Government ministers are entering the final phase of negotiations on Budget 2025 which will be revealed on October 1.

“Whatever feeds into next year has to take account to the new fiscal rules that we are in and that will dictate how we decide to spread payments or whether we have one bulk payment in particular. “What I would say is that the decisions we take on energy credits will be about protecting families and ensuring that the energy costs which are still in our economy are mitigated through the winter period.”

The first of the last budget's energy credit instalments were paid between 1 December and 31 December 2023, with the second credit between 1 January and 29 February 2024 and the third given between 1 March and 30 April 2024.The credits are normally applied to all domestic electricity accounts registered with an electricity supplier in the Republic of Ireland.

 

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