Oireachtas Joint and Select Committees

Thursday, 5 October 2023

Select Committee on Communications, Climate Action and Environment

Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023: Committee Stage

Photo of Darren O'RourkeDarren O'Rourke (Meath East, Sinn Fein) | Oireachtas source

I move amendment No. 1:

1. In page 9, between lines 19 and 20, to insert the following:

“Reporting on the use of proceeds from the cap on market revenues 6. The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on the application of, including the use of the proceeds from, the cap on market revenues.”

This amendment is self explanatory. It calls on the Minister, within six months of the passing of the Act, to prepare and lay before the Dáil a report on the application of, including the use of the proceeds from, the cap on market revenues. That will be a report on the implementation of this scheme, with particular reference to the use of the proceeds.

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