Dáil debates
Wednesday, 15 November 2023
Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023: From the Seanad
4:25 pm
Darren O'Rourke (Meath East, Sinn Fein) | Oireachtas source
That does not answer the question I asked. When will people see the benefit of this legislation? The Minister of State should bear in mind that the Government is among the slowest in Europe to move on this matter. It was decided at European level last October and November. Many European countries have already moved and implemented legislation. When will people see the benefit of this windfall tax? It should be borne in mind that people have been paying exorbitant household and business rates for electricity for the past 12 months and more. Wholesale prices have come right down and very few savings have been passed on to consumers. They want to see aggressive action from the Government. It is not enough to say we have an energy credit that we are doing separately to this. When will people see the benefit of this windfall tax?
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