Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023: From the Seanad
Dail Éireann — 2023-11-15
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Ossian Smyth (GP), Dún Laoghaire

This set of amendments features minor changes of a technical nature that my Department, with the assistance of the CRU, has assessed as being necessary to prevent the over-recovery of funds due to the unintended double-counting of moneys owed to the market cap fund. The issue of over-recovery only recently came to light during the consultation process the CRU carried out with industry. These amendments solve the problem in the methodology which resulted in double-counting. They are also drafted to ensure compliance with Article 6(3) of the Council regulation (EU) 2022/1854 and to prevent any circumvention by companies on their obligations to comply with the measure.
Amendment No. 4 provides a more appropriate unit of measure and greater clarity to companies that will be providing data on their activities in the return.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2023-11-15/debate/main
Retrieved: 2026-08-14T04:52:24+00:00
Sitting date: 2023-11-15