Dáil debates

Wednesday, 18 October 2023

Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023: Report and Final Stages

 

7:50 pm

Photo of Jennifer WhitmoreJennifer Whitmore (Wicklow, Social Democrats) | Oireachtas source

I move amendment No. 5:

In page 12, between lines 24 and 25, to insert the following: "(2) The monthly revenue of "producers", as identified in section 6(1), shall be required to make a details of their monthly market revue and monthly capped revenue publicly available.".

This amendment will require the producers to make public the revenue they have made and the amount of money they have to return under the cap. This comes back to the principle of transparency and the restoration of the faith of members of the public who had to endure really high energy costs and could not figure out why the energy companies were allowed to make obscene profits on the back of a crisis in Ukraine. It is important to ensure the information is put in the public arena and that consumers are aware of which energy companies made what profits as a result of profiteering during this crisis. The Minister of State should take this amendment on board.

Comments

No comments

Log in or join to post a public comment.