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

I have two questions. What engagement has the Minister had directly with energy companies to ensure the reductions in wholesale prices are passed on to customers? Equally, and the Minister referred to this in his initial response, the cap on market revenues is wholly inadequate. It does not capture any of the bumper profits companies made during last July, August and September. A price of €92 per megawatt hour is profitable for wind and solar energy suppliers. Those companies were getting more than €400 per megawatt hour. Other countries, such as France, Austria, the Netherlands and Belgium, have introduced measures to go back and to target those super-excess profits garnered prior to December 2022.

Yesterday, the Taoiseach responded to me during Questions on Policy or Promised Legislation by saying that the Government would look at this issue. Will the Minister commit to looking at this approach as an option, to ensure energy companies do not wipe the eyes of Irish taxpayers?

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