Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023: Report and Final Stages
Dail Éireann — 2023-10-18
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Jennifer Whitmore (SD), Wicklow

I move amendment No. 1:
In page 5, line 19, after “Regulation;” to insert the following:
“to provide for the laying before Dáil Éireann of a report on the application of the cap on market revenues within six months of the passing of this Act;”.
It is very difficult to take up this debate after the debate we just had and the discussion in acknowledgement of the atrocities happening in Gaza at the moment.
I have a number of amendments. The key principles behind them are transparency and fairness concerning the Bill itself and how we deal with energy, windfall taxes and energy companies. Amendments Nos. 1 and 3 are very simple. Amendment No. 1 states: "to provide for the laying before Dáil Éireann of a report on the application of the cap on market revenues within six months of the passing of this Act". It is usually the standard case that none of these amendments is accepted. It is unfortunate that a simple amendment like one on reporting is not accepted. Given the importance of this legislation and the principle that the State is attempting to take back some of those obscene profits seen during the energy crisis when people were really struggling - we are still paying through the nose for energy - while companies were profiting from it, I hope the Minister of State will agree to these amendments.

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Retrieved: 2026-08-14T04:52:18+00:00
Sitting date: 2023-10-18