Every private home in the country is to get €100 off their first electricity bill next year.
The Government is to announce details of the once off giveaway next week.
Two million homes will receive the credit in a bid by the Government to address rising energy costs.
The giveaway is not graded on income but commercial premises will not receive the offer.
It is estimated that the move will cost €200 million and will be funded through existing resources within Minister for Environment Eamon Ryan’s Department of Energy budget.
Energy costs have been a contentious issue amid 35 increases in prices since the start of the year.
The average annual electricity bill for a customer on a standard tariff is currently €1,274 while a gas customer on a standard tariff pays €989.
Average electricity users on the best deal in the market pay €961, while a gas customer on the best deal pays €792.
It is understood that, with the proposed once off credit payment of €100, households who do not avail of it in the first month of 2022 will not have the opportunity to carry it over.
