Oireachtas Joint and Select Committees

Wednesday, 16 November 2022

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Business of Select Committee

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Of course but the Minister made a point on the proposal we put forward which factored in a 50% increase in energy costs in December right through to the end of March, which we did not expect either but we factored in as a buffer. The Minister says the design feature in his scheme is that the cap exists but the cap only gives you certainty that it will not go over €30 billion or somewhere in that region, which is 25 times what the Department is estimating. The cap does not give you that real certainty.

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