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

Mr. Evan Walker:

Where we stand relative to other countries would obviously inform the level we choose. Do we go with €90 or do we go with €120? There are a couple in between. The UK just announced its new electricity generation levy in January. The UK is at £75 pounds per MWh but it is a 45% rate above that. That is the context of where we are. We are in the lower end of caps relative to the other member states. Most of them are at €180 and some of them are below that.