Dáil debates

Tuesday, 7 March 2023

Ceisteanna - Questions

Departmental Priorities

4:15 pm

Photo of Rose Conway-WalshRose Conway-Walsh (Mayo, Sinn Fein) | Oireachtas source

This evening, Sinn Féin will bring a motion asking the Government to tax electricity companies on their obscene profits and put that money towards reducing and capping people's bills. Back in November 2022, I warned the Government the electricity pricing system was broken and people were paying prices they should not and need not have been paying. The Taoiseach and his Government colleagues spent a year telling me reform was either impossible or undesirable.

The Taoiseach's Government has failed to act and even opposed the reform at EU level. Last week, the Taoiseach stated there will be a tax on generators and that it will apply to profits made in 2022. That same day, I received a written response from the Minister, Deputy Eamon Ryan, exactly contradicting that statement. Can the Taoiseach confirm that a windfall tax will be applied on electricity companies for all their profits made in 2022?

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