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:
There is a dual mandate. There are captured windfall gains, but that is not at the expense of seriously negatively impacting security of supply. We may have one objective which is to capture and not take on any feedback from companies. One company has average operating profits in terms of the calculation of the minimum or losses. It is not that this is a high margin industry.