Eamon Ryan (Dublin Bay South, Green Party) | Oireachtas source

If I can answer the Deputy's question as to what to do about those profits, certain generators who are not generating with gas will get a supernormal profit because the market price is way above their production price cost. We are working with the European Union, which is the appropriate way to do it. We address this as a wartime measure in response to what the Russian Government is doing by taking some of that excess profit in an intermarginal price system and bringing that back to the public. That is not agreed yet. We have to go to Brussels on 30 September to address that. It is one of the ways, along with the other measures we will introduce in the budget, which will help bring down the prices or help shield consumers from the worst elements of this energy price crisis. There are other measures in social welfare, energy credits and in business supports. They will be set out in the budget.

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