From 1 January 2025, the fees and charges for the Safe Electric Scheme will see an increase as set out in the table below:
These increases are the first since January 2023 and are the result of several factors, which are outlined in further detail below.
For more information on the new fees and charges please refer to the full Charging Methodology and Charging Statement available on the Safe Electric website here. If you have any questions, contact us at info@safeelectric.ie or via 091 480974.
Additional Information:
- These fees and charges for 2025 were set following the completion of an annual revenue review process in line with the current economic model and are approved by the CRU.
- The Safe Electric scheme is required to be self-funding under legislation and therefore can only be funded through member fees and charges.
- A decision was taken by the CRU at end 2022 to keep any increase in fees and charges for 2023 to a minimum due to the difficult trading environment and the impact of rise in the cost of living. Under the current contract, the scheme operator must recover a certain amount of revenue each year to support its operations. The 2023 fees and charges did not enable the SSB to recover the required amount of revenue in 2023. Any under recovery during 2023 will need to be recovered in 2025.
- High inflation since the 2023 fees and charges were set, has also been a driver in these increases. There has been a significant reduction in the Consumer Price Index in 2024 and in line with the projections from the Central Statistics Office are forecast to remain low in the immediate future.
- The CRU has requested Safe Energy Ireland to provide a multi-year projection for Fees & Charges, which will be published in 2025, to support members to plan their business activities. Fees and charges will continue to be confirmed annually.
- These increases for 2025 have been limited by the use of scheme reserves. Scheme reserves refer to the previous surplus in revenue, accumulated and ring-fenced by previous scheme operators, and can be used by the CRU as a contingency fund to offset cyclical fluctuations and reduce the fees and charges.
- The use of the scheme reserves does not financially benefit the Safe Electric scheme operator, as the revenues are set under the contracts and would otherwise be recovered through fees and charges. The remainder of the reserves will be held by the Safe Electric scheme operator (Safe Energy Ireland) and it is intended they will be used to offset any further increases in fees and charges in subsequent years
