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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Ossian Smyth (GP), Dún Laoghaire

-----redistribution to energy consumers in a targeted way. That is what it says in the law. We have to redistribute the money we collect. It is a windfall tax based on unfair profits earned by these companies and the money legally has to be ring-fenced and redistributed to those customers who overpaid for their power in the first place. In that sense, it is a very fair and redistributive tax.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2023-10-18/debate/main
Retrieved: 2026-08-14T04:52:18+00:00
Sitting date: 2023-10-18