Excise duty on electricity and natural gas will change on 1 August.
Electricity excise duty for businesses excluding reduced rates will rise from €22.50/MWh to €25.79/MWh. Excise duty on natural gas excluding reduced rates will fall from €17.16/MWh to €15.43/MWh.
As a reminder, the Finance Act extended the €0.5/MWh reduced rate of excise duty on electricity for electricity-intensive businesses until 31 December 2025, as well as several reduced rates of excise duty on gas for fuel use.