Oireachtas Joint and Select Committees

Wednesday, 14 September 2022

Committee on Budgetary Oversight

Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (Resumed)

Photo of John LahartJohn Lahart (Dublin South West, Fianna Fail) | Oireachtas source

That was my point and I thank the Minister for responding to it. I will throw out a couple of examples and then move to the Minister for Public Expenditure and Reform. I do not have many examples of these in my constituency but there is one complex run on a district heating basis. The fuel provider is purchasing the energy. The electricity bill for December 2020 and January 2021 was €350. A letter has been written indicating that the energy bill for December 2022 and January 2023, based on the cost of purchasing the energy from the fuel provider, could be up to €1,400. I am not an advocate for the hotels industry but I will give an example.

I have seen the invoices for these hotels. A large hotel in the country faces an increase in its energy bill up to €809,000 over a ten month period, which is simply unsustainable. We all have examples of that. If something is completely unsustainable, how far is the Government prepared to go to assist? Back in 1992, when we faced devaluation but had not devalued, the Government led by Albert Reynolds stepped in with significant grants to industry, particularly exporters, which were facing issues. Has the Government plans in that field?

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