All households in Ireland are set to get a €50 compensation on their ESB bill due to the company overcharging for more than a decade.
The credit is being given to domestic customers as reimbursement for being penalised with higher bills over a 12-year period, an Oireachtas committee has heard.
Householders were charged more than they should have been under a scheme introduced by ESB Networks to help large businesses.
The Large Energy User rebalancing subvention ran from 2010 to last year. It was designed to shift €50million of network tariffs onto residential energy users. But ESB Networks overcharged domestic customers by using a percentage rather than a fixed amount.
ESB Networks said the company identified the issue and has been engaging with the CRU. It said: “While the process and mechanism of the rebalancing is still to be determined with the CRU, ESB Networks anticipates that it will result in the reduction of a domestic electricity bill in the order of €50 in total.”