It's hoped it'll come in at the end of March.
A proposal to cut 100 euro off every household's energy bill will be debated in the Dáil today.
The cabinet signed off on the plan last week, and hopes it will be passed through the Oireachtas this month.
The once-off payment will then be taken off people's electricity bills at the end of March.
The plan was put together by a number of departments of Government in a bid to tackle the energy crisis in Ireland.
In November, the Central Statistics Office showed the annual rate of inflation rose to 5.3% that month.
That represented its highest in 20 years.
Pay as you go customers will also be included in this scheme, with a total of 2.1 million domestic electricity account holders to avail of the one-off payment.
The scheme is expected to cost around 210 million.
But People Before Profit TD, Richard Boyd-Barrett, says the government should cap the price of energy instead.
He says under the Consumer Act, there is the power to put a cap on energy prices, by setting a unit price on electricity.
He called the move to cut 100 euro off the bills "pathetic", as it's expected bills will rise by around 800 this year.
