Every home to get €100 off first electricity bill of 2022

A €100 credit for every home in the country to help reduce the impact of electricity bills will be signed off by government on Tuesday.

All two million homes, regardless of income, will receive the credit in January as the Government moves to address rising energy costs.

According to figures released by the Central Statistics Office yesterday, electricity, gas and other fuels are up 29% on an annual basis.

Under the plans the €100 would be deducted at sources from domestic bills.

The move will require new legislation to be passed by the Oireachtas and this will be introduced to the Dáil in the new year.

It means consumers will not get the reduction until at least February.

Speaking on RTÉ's Today with Claire Byrne, Minister for Finance Paschal Donohoe said the Government is working on a number of options to try and ease the burden of rising living and energy costs for people.

"This is a continuation of my and the government's recognition that the cost of living for many is going up, that even though we have been successful in getting so many people back to work due to our efforts and our support schemes, that the cost of living is increasing for many. It is building on what we did on Budget Day measures," he said.