All householders will benefit from a 200 euro energy credit, while public transport fares are being cut by 20 per cent and those who receive the fuel allowance are to get an extra one-off payment of 125 euro.
There's been criticism that the measures aren't sufficiently targeted at those with lower incomes.
But Minister Paschal Donohoe says that's not the case:
"While it does have one element in it, an important element that is universal, which is what we're doing with the energy rebate, if you look at this package overall it has to be seen in the context of what we did on the budget. It's overall 1.5 billion euro, which is a very large amount of money, the majority of which is been spent in such a way to help those who need the help the most."
Meanwhile it's claimed many people aren't too badly impacted by the rising cost of living.
Professor of Economics at Trinity College, John Fitzgerald, says most people are actually better off now than they were at the start of the covid pandemic:
"No politician has the nerve to come out and tell the truth on this, because we are worse off than six months ago, and that's what we notice. But we don't notice the fact that our earnings are up on before the pandemic. And that actually prices fell and because prices fell during the pandemic, in particular oil and gas, and we've got a double whammy in terms the last six to nine months."
