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 Lynn BoylanLynn Boylan (Sinn Fein)
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I thank Ms Sikow-Magny. Many of the questions have been answered, so I might just ask her to tease out some of the issues.

Ms Sikow-Magny mentioned a revenue cap on wind projects. What will be the mechanism for auditing that? Will the energy owners have to report back to EU member states? Will there be any sanctions if they do not report? How exactly will that work?

In her opening statement, Ms Sikow-Magny mentioned demand reduction. The EU had a 15% demand reduction target and she does not want any scheme to have a negative impact in respect of demand for gas. Does she have concerns that Ireland signed up for 15% voluntary reduction in gas demand but actually came no where close to reaching that – I think it was 0.3%? Does she have concerns about how we are implementing that agreement to reduce our overall demand on gas?