Dáil Éireann Debate, Tuesday - 4 October 2022
150. Deputy Ged Nash asked the Minister for the Environment, Climate and Communications his proposals for a windfall tax on energy companies in a scenario in which no agreement is reached at an European Union level; if such proposals will be included in the Finance Bill 2023; and if he will make a statement on the matter. [48538/22]
View answerOn 30 September, the Council of Energy Ministers agreed the text of a Council Regulation on an emergency intervention to address high energy prices. The Regulation includes provisions that deal with windfall gains in the energy sector by imposing: 1. a temporary solidarity contribution based on taxable profits for fossil fuel production and oil refining; and 2. a cap on market revenues of for specific technologies in the electricity sector. The Regulation is to be implemented by the end of the year.
