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 Ossian SmythOssian Smyth (Dún Laoghaire, Green Party) | Oireachtas source

He is therefore aware that attracting enough people at a reasonable price is an important thing and that there is a balance to be struck here. We need to decide how far we go in taking windfall gains away from companies and when we arrive at a point where nobody shows up for the next auction. That is the balance we need to meet between the two. It needs to be struck somewhere. I am saying €120 per MWh and the Deputy is saying it should be closer to €92, if I understand what he is saying. Is that right?

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