Oireachtas Joint and Select Committees

Tuesday, 18 April 2023

Joint Oireachtas Committee on Climate Action

Pre-Legislative Scrutiny of the General Scheme of the Energy (Windfall Gains in the Energy Sector) Bill 2023

Photo of Bríd SmithBríd Smith (Dublin South Central, People Before Profit Alliance) | Oireachtas source

I thank Ms Sikow-Magny. It is an important details because, to me, it looks like companies may be able to offset paying the solidarity tax against losses, even though it states that companies should not be able to do so. I believe that the Heads of the Bill are contradictory. I think the definition of a market working is very limited because it works in terms of supply but at the same time probably millions of people suffered under the strain of very heavy energy prices while profits went through the roof. To me, all of that means that the market is not working.

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