Environment Minister Alan Kelly told the Dáil yesterday that the existing charges will be scrapped and replaced by a new regime in January.
Homes with a single adult will have their bills capped at €160 a year - but homes who do not register will be given standard bills of €260 a year.
All water households will also receive water conservation grant of €100.
Registration with Irish Water extended until February 2nd and water charges will not begin until January of next year.
Today, the Minister joined Jonathan Healy on Lunchtime to discuss the issues surrounding Irish Water following the Government debate yesterday.
On top of outlining the changes again, Minister Kelly stated that Phil Hogan could have handled the affair better: "I feel he could have done better. I feel this issue was underestimated."
He continued: "Mistakes were made."
Here is the interview in full: