Get ready for a mixed bag of changes in February 2025, as cost of living adjustments take effect. From electricity bill credits and mortgage rate cuts to price hikes on Guinness and bin charges, there's something for everyone.
There are only a few days left before a new month begins, with several cost of living changes set to come into effect. From additional support for those paying mortgages and a bonus for every household to increases to the price of Guinness and bin charges - there's some good and bad news on the way. \Here's everything you need to know for February 2025 :\Electricity Account Credit\It was announced in Budget 2025 that all domestic electricity customers will get €250 off their electricity bills.
The energy credit will be paid in 2 instalments of €125. The first payment was made between 1 November and 31 December 2024. The second credit will be made between 1 January and 28 February 2025.\PTSB - Mortgage Rates\PTSB announced new mortgage rates that came into effect from 17 January and they are available to both new and existing personal customers. This is the fourth cut to fixed-rate mortgages that PTSB has announced since December 2023.\PTSB - Cashback on Mortgage Repayments\From 21 January, PTSB started offering 2% cashback on monthly mortgage repayments to existing mortgage customers. The bank shared that the cashback amount varies depending on the customer's monthly repayment amount. Customers could receive €30 back each month based on a monthly mortgage repayment of €1,500. To be considered eligible for the cashback, PTSB mortgage customers are required to make their monthly mortgage repayment by direct debit from a PTSB Explore Current Account. The 2% monthly cashback offer is available for qualifying customers until at least the end of 2030.\Revolut\Revolut just announced that they will allow credit card customers to pay off their balance in instalments. People can avail of the repayments of three, six, nine and 12 months at a lower rate than Revolut's standard annual percentage rate. People can put together instalment plans for eligible purchases on the Revolut app, with multiple purchases able to be consolidated into the one instalment plan.\Diageo\Diageo announced that the price of Guinness, Harp, Smithwicks, Hophouse 13 and Harp will increase from the 3rd of February. In January, publications were informed that the price will rise by 6% per pint before VAT. The price of a pint is expected to increase to over €6 across the country, with customers in Dublin likely to pay over €7.\Bin Prices\Panda Recycling has informed customers in north Dublin that it will increase the half-yearly service charge, the general waste per-lift charge, and the recycling per-lift charge. Increases are also expected for customers in the rest of Dublin, Cork, Galway, Meath, Wicklow, Wexford and the other areas where the company runs. The half-yearly service charge is going from €67.50 to €70, which is a 3.7pc rise. The general waste per-lift price is going up by 14.89pc, from €11.75 to €13.50. The recycling per-lift price goes up by 25pc; it will go from €1 to €1.25. The changes will come into effect from Saturday, 1 February
COST OF LIVING ELECTRICITY BILL MORTGAGE RATES GUINNESS BIN CHARGES FEBRUARY 2025
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