Dáil debates

Wednesday, 9 March 2022

Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation

 

1:02 pm

Photo of Darren O'RourkeDarren O'Rourke (Meath East, Sinn Fein) | Oireachtas source

Energy providers are recording record profits at a time of pandemic and war and when families are being driven into poverty. Energia, SSE Airtricity and the ESB are three examples. It is reported ESB will report record profits of €679 million for 2021, up 10% on 2020. To give some perspective, the Government's cost-of-living package was €505 million.

The European Commission is very clear and it has spelt out how governments can, and should, assess and tackle excessive crisis-related windfall profits. Does the Government believe these profits at ESB and elsewhere are excessive? How is the matter being assessed? Is the Government considering introducing a windfall tax?

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