Fuel allowance news

Households could receive an additional three weeks payment of the fuel allowance as part of the proposed measures.

How the Government plans to offset the carbon tax increase through targeted measures will also be on the agenda of today’s meeting. It is understood that measure is back on the table and being discussed this evening, with sources indicating that Donohoe is minded to sign off on it this time around. The PSO is charged to all electricity customers in Ireland and all energy suppliers are required to collect this levy from customers through bills.

Finance Minister Paschal Donohoe, who gave a presentation at the meeting, brought forward measures which would see the VAT on gas and electricity go from ...

It is understood Mr Donohoe has secured agreement from the EU Commission on this temporary measure which could see around €49 shaved off gas bills and a €61 reduction on electricity bills each year. Finance Minister Paschal Donohoe, who gave a presentation at the meeting, brought forward measures which would see the VAT on gas and electricity go from the current 13.5% to 9%. The Government is set to reduce VAT on gas on electricity and provide a lump sum payment to those on fuel allowance as part of a cost of living package.

With electricity and fuel bills skyrocketing, the Government leaders and their senior ministers held emergency talks to discuss the crisis. They were shown ...

This resulted in a €126m dividend being paid to the State. It is hoped the decision on Vat will offset the carbon tax hikes in May. People on low incomes who are in receipt of the fuel allowance will also receive a one-off €100 payment which equates to three weeks of the benefit. New advice on how to people can save money by using smarter meters and time of day pricing to cut their energy bills will also be announced by Green Party leader Eamon Ryan. The move could save bill payers €49 a year on electricity and €61 a year on gas. Vat on electricity and gas bills will be temporarily cut to 9pc as part of a new set of cost of living measures aimed at addressing the on-going energy crisis.

The three party leaders in the coalition Government met on Monday to discuss further measures to be taken to curb the rising cost of living.

Opposition parties have repeatedly urged the Government to go further in response to the crisis, worsened by the impact of the war in Ukraine. If approved by Cabinet, the measures would be the latest in a series of attempts by the Government to defray the cost of rising inflation and the growing burden on households. Finance Minister Paschal Donohoe was involved in setting out some of the measures that were considered by the party leaders.

And it also plans to give an extra lump sum of €99 to over 370000 households that avail of the fuel allowance.

The Coalition leaders will also bring a proposal to Cabinet to extend the fuel allowance. Sources have confirmed to the Irish Mirror that the Government will look to cut the VAT rate on energy from 13.5% to 9%. The Government is expected to slash the VAT rate on energy to help households with the cost of living crisis.

NEW measures that can save households more than €100 a year on fuel bills are under consideration by the Government.Taoiseach Micheal Martin, Tanais.

It’s understood that a package of measures will be brought to Cabinet this week where Ministers will make a final decision. The Government is considering lowering the VAT on gas and electricity from 13.5 per cent to nine per cent - with estimates showing this would save the average household around €50 on gas and €60 on electricity per year. The PSO levy goes towards creating sustainable energy but the levy would be temporarily reduced to zero.

A VAT cut on household fuel, a cut to the Public Service Obligation (PSO) levy on energy bills and another 'lump sum' payment for those on Fuel Allowance ...

"But again, you are going to see a big squeeze on household bills in April and May as some of the recent gas and price increases are introduced by some of the companies. A proposed cut to the PSO levy on energy bills could also knock €50 off household bills per annum. A VAT cut on household fuel, a cut to the Public Service Obligation (PSO) levy on energy bills and another 'lump sum' payment for those on Fuel Allowance could be on the way.

The temporary reduction in VAT on energy products will not include home heating oil or solid fuels, it is understood.

Further work will now take place in advance of a Cabinet meeting". The length of time that the temporary VAT reduction will be in place will be decided by the Cabinet tomorrow. "And in fact, they will more than make up for - or indeed be far in excess of - the amounts that will be a raised on the carbon tax, or the impact of the carbon tax."

This would be paid to all 370000 recipients of the fuel allowance in the form of one lump sum of €99 - or three extra weeks of payment.

You can keep your Fuel Allowance if you move to JA from OFP, Carer’s Allowance or JST. - State Pension (Non-Contributory) - State Pension (Contributory)