Prepare for a mix of financial adjustments as February 2025 ushers in changes to the cost of living. From electricity bill credits and mortgage rate reductions to price increases for Guinness and bin charges, individuals and households will experience a range of impacts.
With a new month on the horizon, several cost of living adjustments are set to take effect, bringing both positive and negative news. From financial assistance for mortgage holders and a bonus for every household to price increases for Guinness and bin charges, February 2025 holds a mix of changes. Let's delve into the details:\**Electricity Account Credit:** Budget 2025 announced a €250 reduction on electricity bills for all domestic customers.
This credit will be disbursed in two installments of €125. The first payment was made between November 1st and December 31st, 2024. The second credit will be applied between January 1st and February 28th, 2025.\**PTSB Mortgage Rate Adjustments:** PTSB introduced new mortgage rates effective January 17th, applicable to both new and existing personal customers. This marks the fourth reduction in fixed-rate mortgages announced by PTSB since December 2023. Furthermore, PTSB launched a cashback program on mortgage repayments for existing customers, offering 2% cashback on monthly payments starting January 21st. The cashback amount varies based on the customer's monthly repayment. For instance, customers making a monthly repayment of €1,500 could receive €30 back each month. To qualify for this cashback, PTSB mortgage customers must make their monthly payments through direct debit from a PTSB Explore Current Account. This 2% monthly cashback offer is available to eligible customers until at least the end of 2030.\**Revolut Installment Plans:** Revolut announced a new feature allowing credit card customers to pay off their balance in installments. Customers can choose from repayment terms of three, six, nine, or twelve months at a lower rate than Revolut's standard annual percentage rate. Revolut app users can create installment plans for eligible purchases, with multiple purchases potentially consolidated into a single plan.\**Diageo Price Hike:** Diageo informed the public of an upcoming price increase for Guinness, Harp, Smithwicks, Hophouse 13, and Harp, effective February 3rd. In January, publications reported a 6% increase per pint before VAT. The expected price hike will see a pint exceeding €6 across the country, with Dublin customers potentially paying over €7. \**Bin Price Increases:** Panda Recycling notified customers in north Dublin of upcoming increases in the half-yearly service charge, general waste per-lift charge, and recycling per-lift charge. Similar increases are anticipated for customers in the rest of Dublin, Cork, Galway, Meath, Wicklow, Wexford, and other areas served by the company. The half-yearly service charge will rise from €67.50 to €70, a 3.7% increase. The general waste per-lift price will increase by 14.89%, from €11.75 to €13.50. The recycling per-lift price will jump by 25%, from €1 to €1.25. These changes will be implemented starting Saturday, February 1st
COST OF LIVING ELECTRICITY BILL CREDIT MORTGAGE RATES REVOLUT DIAGEO BIN CHARGES FEBRUARY 2025
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cost of Living Changes to Watch for in February 2025A roundup of key financial changes impacting consumers in February 2025, including electricity bill credits, mortgage rate reductions, cashback offers, installment payment plans, and price hikes for popular beverages.
Read more »
Key Cost of Living Changes to Watch for in February 2025February 2025 will bring several changes to the cost of living, both positive and negative. From energy credits to price increases, here's what you need to know about the upcoming financial shifts.
Read more »
Key Financial Changes Impacting Ireland in February 2025This article outlines several significant financial changes taking effect in February 2025, affecting areas like energy, mortgages, and pub prices. While there's relief with an energy credit and potential mortgage savings, a price increase on certain pints is anticipated.
Read more »
Embrace Intentional Living in 2025Start the New Year with a calm and balanced approach by focusing on small, meaningful habits that bring joy and personal growth. Explore new activities, savor simple pleasures, and prioritize self-care to create a fulfilling 2025.
Read more »
Irish Households to Receive €125 Electricity Bill CreditIrish households will receive a €125 credit on their electricity bills to help with the cost of living crisis. The credit is part of the Budget 2025 Cost of Living package and will be applied automatically to accounts from January 1st, 2025.
Read more »
The Late Late Show Returns in 2025 with a TradFest SpecialThe Late Late Show kicks off its return in 2025 with a TradFest special celebrating Irish musical talent. The show features established and emerging artists like Aoife Scott, Wallis Bird, Mike Hanrahan, and Seán Keane, joined by Mundy, Molly Donnery, Sinéad McKenna, and Ines Khai. The Night also includes performances from Uilleann piper Louise Mulcahy, Alan Connor, Tara Breen, Daoirí Farrell, Robbie Harris, and others. Comedian David Nihill shares his story of overcoming a fear of public speaking, and political podcasters Ivan Yates and Matt Cooper discuss predictions for global and Irish politics.
Read more »