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. John Burke:

What the Department is trying to do is find that balance between maximising the revenue stream, and those other issues around company viability and energy security. In conjunction with our discussions with the Departments of Finance and Public Expenditure, National Development Plan Delivery and Reform, the aim is to maximise the revenue stream available to supplement the supports available in the next budget. The Senator will appreciate that significant support packages were provided in the budget. The intention is to have another significant revenue stream from this measure to do so. We welcome the Senator's observations, but I presume the aim will be targeted measures to those who most need them.