Michael Colreavy (Sligo-North Leitrim, Sinn Fein) | Oireachtas source

I am heartened to hear that it will not have an impact. The public has an expectation that energy prices are going to reduce. As the Minister knows, some companies have announced a reduction in prices and there probably will be and should be further reductions. However, it should not impact on our strategy for renewable energy. Oil prices will fluctuate. I am heartened to hear that this has been taken into account by Government.

The Minister mentioned the public service obligation levy. In energy bills, VAT is applied to the public service obligation levy. I do not know if this is within the remit of the Minister or that of the Revenue Commissioners. However, it is the equivalent of having VAT on VAT. It is wholly wrong and should be changed. Will the Minister raise this issue with the Revenue Commissioners?

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