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
Darren O'Rourke (Meath East, Sinn Fein) | Oireachtas source
I move amendment No. 2:
In page 9, between lines 19 and 20, to insert the following:
“Reporting on the application of the cap on market revenues across Member States within the European Union
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 the cap on market revenues in Ireland in comparison with the application of the cap on market revenues in all other Member States within the European Union.”.
This amendment has a similar theme. It is important that it would be a useful and important measure to reflect the experience and application in Ireland compared to other countries. We are going to argue the toss about how this scheme should be designed. Hopefully, whatever way it is designed and implemented, we can all agree it is important that we can reflect the experience compared with other countries after the fact. Hence the proposal.
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