Consumers are facing significant disappointment as electricity prices are set to rise due to increased network charges and levies, despite a fall in wholesale energy costs.
The average household will see an increase of €100 in electricity bills, coupled with the PSO levy of over €42 a year, creating a substantial burden.
Energy providers will likely recoup the added costs of network charges from customers, limiting the potential for further reductions in electricity prices.
Ongoing demands for infrastructure improvements linked to population growth and the transition towards net zero will likely lead to further hikes in network fees.
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