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

Proposals were discussed at the Energy Council on 9 September and the Commission produced more specific proposals on 14 September. The Energy Council will meet again on 30 September, when I expect us to sign off on the proposals. They are not finalised and discussions are still going on at COREPER but the broad outline is clear. We will seek to take that windfall gain from the electricity markets from those generators that are not generating gas, where there is a surplus. The Commissioner is suggesting that should be done where the surplus is above a price of €180 per megawatt hour. The Commission leaves it up to countries as to what to do with such a gain. In my view, it should go back directly to the consumers. We should use the electricity bill payments system to help reduce costs rather than the proposal for a cap we discussed earlier.

See this speech in context