Dáil debates

Tuesday, 24 January 2023

Saincheisteanna Tráthúla - Topical Issue Debate

Business Supports

Photo of Jennifer Carroll MacNeillJennifer Carroll MacNeill (Dún Laoghaire, Fine Gael) | Oireachtas source

I completely appreciate the point made by both Deputies, particularly on auditing. This scheme is devised under a European framework and is also subject to state aid rules so it is not simply me, the Department or a lack of desire. It is constructed under the state aid rules as a particular intervention measure, all of which we must comply with. Therefore, please do not let me go further than I can in any of that. The Minister has said he will look at the operation of the scheme, in broad terms, to see if there are ways in which it can be adapted for in the future.

The Deputy is correct to point out the impact weeks or months of difficulties can have on the viability of any business. I refer, in particular, to many tourism interests that find it difficult to attract business over the winter period. When one looks at the scheme and how it has operated versus expectations, one must also consider energy prices and where they are relative to expectations. Despite them having been extraordinarily high, energy prices are much lower than we had expected at this time of year both because of changes in energy price in respect of oil and gas generally on the wholesale market, and the considerably warmer than expected weather for the period. This has meant that bills, while they were exceptionally high during the August-September period - which I saw in my own constituency - have not been as high as might have been expected. By way of additional detail, wholesale gas prices are expected to be 57% lower in the first quarter of this year than they would have been expected to be last October. Of course, the winter period is not over and gas and oil prices remain considerably high, but it is worth making the point that they are lower.

We continue to urge eligible businesses to make claims under the scheme. The window for making claims is important. Revenue has endeavoured to make it as easy as possible. I appreciate that this speaks to the application of the scheme more broadly and not to the specific points raised by the Deputies in respect of the exclusions from that part of the scheme.

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