Results 6,521-6,540 of 36,118 for speaker:Pearse Doherty

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Pearse Doherty: The same issue pertains. The Minister knows and understands that and he does not want to recognise it. The cap does not give certainty. Neither the Minister or I know where energy prices could go. We do not know what could happen. There is forward purchasing in energy prices, with signals being provided for months ahead on energy prices increases, and gas operates on an eight-month...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Pearse Doherty: No.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Pearse Doherty: That is true.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Pearse Doherty: Yes, households.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Pearse Doherty: That is a difference. The difference is the Minister's scheme would only cost €30 billion in that case. If energy prices balloon, the Minister's scheme would only cost an upper limit of €30 billion.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Pearse Doherty: Sorry, if costs balloon to the point where the caps-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Pearse Doherty: -----were reached by all the businesses, then that is the figure. Let us not interrupt. I know how energy and gas prices work, as I said. First, they are signalled in advance when they come in. That is why a scheme is introduced not for a couple of years but for a couple of months in order that it can be reassessed at that point in time. Second, gas is purchased on the market months in...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Pearse Doherty: Okay. What could the upper limit cost?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Pearse Doherty: No, because we are not-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Pearse Doherty: Let me finish. The Minister asked me a question so let me finish. We are not talking about Apple versus the corner shop. We are talking about households for a start. The rationale for an upper limit relates to large companies being able to have the State pay multiples of their energy bills. The Minister can shake his head but he outlined to Deputy Boyd Barrett that was one of the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Pearse Doherty: Which part does the Minister disagree with? Is it the 400,000 businesses or the €10,000 they could charge each month?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Pearse Doherty: I do.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Pearse Doherty: Exactly.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Pearse Doherty: I agree with the Minister.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Pearse Doherty: The Minister should see what his officials-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Pearse Doherty: I accept there is no upper limit for the cash amount.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Pearse Doherty: Let me answer the question, with respect.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Pearse Doherty: The Minister has asked me a question. Let me answer.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Pearse Doherty: I have already answered. Let me make this point. When the Minister's officials present to us the unit price projections that I asked for and, in fairness, he has said will be provided between now and the end of this scheme at the end of February, this point will be very clear. Like him, and his modelling and engagement with the Department of the Environment, Climate and Communications, we...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Pearse Doherty: I have made my point but I would argue that the Minister’s scheme deals with electricity and gas. What I put forward is in terms of electricity. We are in November at this point in time and our scheme went to the end of the February. The Minister argued that we did something like what the Minister’s sister party, the Tories, did which was a two-year scheme on both electricity...