Dáil Éireann Debate, Thursday - 13 July 2023
138. Deputy Darren O'Rourke asked the Minister for the Environment, Climate and Communications if he will provide an update on the decisions to end the inframarginal revenue cap for electricity; when the revenue will be collected; if an analysis was conducted to estimate how much revenue would be earned by extending the measure to the end of the year; and if he will make a statement on the matter. [34885/23]
View answer139. Deputy Darren O'Rourke asked the Minister for the Environment, Climate and Communications how the revenue collected from the inframarginal revenue cap for electricity will be used to fund targeted cost-of-living supports, as detailed by his Department; and if he will make a statement on the matter. [34886/23]
View answer140. Deputy Darren O'Rourke asked the Minister for the Environment, Climate and Communications when the revenue from the inframarginal revenue cap for electricity will be collected; how this revenue will be spent; and if he will make a statement on the matter. [34887/23]
View answer143. Deputy Darren O'Rourke asked the Minister for the Environment, Climate and Communications if the revenue from revenues earned from the temporary solidarity contribution and the cap on market revenues to address windfall gains in the energy sector will be distributed to large energy users; and if he will make a statement on the matter. [34911/23]
View answer144. Deputy Darren O'Rourke asked the Minister for the Environment, Climate and Communications if large energy users will be excluded from the distribution of revenues earned from the temporary solidarity contribution and the cap on market revenues to address windfall gains in the energy sector; and if he will make a statement on the matter. [34912/23]
View answerI propose to take Questions Nos. 138, 139, 140, 143 and 144 together.
The due date for revenue collection is anticipated to be December 2023. However, in order to ensure full compliance and non-circumvention of payments in line with the provisions of the Regulation, there will be a period of verification of payment amounts by the regulator, where appropriate.
According to Article 10 of the Regulation, Member States shall ensure that any surplus revenue resulting from the application of the market revenue cap is used to finance measures in favour of final electricity customers that are targeted at mitigating the effects of high electricity prices on those customers.
No decision has yet been taken on how to allocate the revenue. This will be a matter for Government, following the final settlement of the amount of revenue received.
