The Organization of Consumers and Users (OCU) has warned consumers that as from August, electricity bills will be more expensive between August and December due to a retroactive ‘surcharge’ relating to a revision of amounts charged between October 2011 and March 2012.
The OCU say that the surcharge will be in excess of 10% and will mean on average an extra €50 spread over the months of August through December. This can be two or five invoices, depending upon which type of contract the consumer has.
The surcharge will not be subject to the IVA (VAT) increase in September – some good news at least – as it relates to a period when IVA was 18%.
The power companies resorted to the Courts to force the State to revise the figures for the period between October 2011 and March 2012 and the results of this action could now be coming home to roost.