Results 1-20 of 986,079 for in 'Dáil debates' OR in 'Committee meetings' speaker:Mairead Farrell

Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023: Second Stage (21 Sep 2023)

Question put and agreed to.

Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023: Referral to Select Committee (21 Sep 2023)

Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023: Referral to Select Committee (21 Sep 2023)

Ossian Smyth: I move: That the Bill be referred to the Select Committee on Environment and Climate Action pursuant to Standing Orders 95(3)(a) and 181(1).

Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023: Referral to Select Committee (21 Sep 2023)

Question put and agreed to.

Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023: Referral to Select Committee (21 Sep 2023)

Verona Murphy: I understand we must have a suspension of the sitting because the Minister and the sponsor of Private Members' business, which is up next, are still at the housing committee.

Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023: Referral to Select Committee (21 Sep 2023)

Cuireadh an Dáil ar fionraí ar 4.45 p.m. agus cuireadh tús leis arís ar 5.10 p.m. Sitting suspended at 4.45 p.m. and resumed at 5.10 p.m.

Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023: Second Stage (21 Sep 2023)

Ossian Smyth: I thank Deputies for their contributions today. I particularly thank all the parties, comprising virtually every party, and many Independents who have welcomed the Bill. The Bill is to be welcomed because it is to recoup excess income that was received by these energy-generating companies as a result of the war in Ukraine. There is significant financial pressure on households and...

Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023: Second Stage (21 Sep 2023)

Seán Ó Fearghaíl: Deputy Joan Collins is sharing with Deputy Connolly.

Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023: Second Stage (21 Sep 2023)

Joan Collins: I will take about four minutes and Deputy Connolly will take whatever time she needs. I welcome the introduction of a cap on market revenues for energy companies, just as I welcomed the temporary solidarity contribution, but it comes far too late. The damage was done last winter. We all saw the obscene profits energy companies made while people were freezing in their homes because they...

Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023: Second Stage (21 Sep 2023)

Catherine Connolly: I welcome the opportunity to take part in the debate on the Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023. It is important to place it in context, as is usual. The following has been referred to many times today, using different figures but all amounting to the same message. As of November 2022, it was estimated that roughly 40% of households in Ireland...

Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023: Second Stage (21 Sep 2023)

Richard Bruton: I too worry about my grandchildren. I take a very different view from the last speaker. I believe, for example, that the State's decision to invest in broadband so that every family in the country will have access to high-speed broadband was a good decision for rural Ireland. We have seen the product of that already with increased remote working and new opportunities in rural villages. We...

Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023: Second Stage (21 Sep 2023)

Richard O'Donoghue: It is ironic that the cartoon I have fell on the ground. It was sent to me by a friend of mine and it shows a fuel can saying: Whoever said what goes up must come down wasn't talking about me. It is ironic that everything in the Government's eyes goes up. Why? Because of inflation. Why does the Government love inflation? Because it means more revenue. How much extra revenue has the...

Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023: Second Stage (21 Sep 2023)

Carol Nolan: I welcome the introduction of this Bill. It is coming before us late in the day but it will help in clawing back some of the massive profits the energy providers have made. I understand that the estimated proceeds from the temporary solidarity contribution are in the range of €200 million to €450 million and that these proceeds can be put towards financial supports for...

Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023: Second Stage (21 Sep 2023)

Michael Collins: The Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023 is about putting limits on how much money electricity producers can make, as required by a European Union rule from October 2022. This limit will affect certain types of electricity production and will cover the period from December 2022 until June 2023. People are concerned because it took our Government...

Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023: Second Stage (21 Sep 2023)

Thomas Gould: Energy companies made huge profits on the backs of ordinary hardworking people and families. The Government allowed this to happen. It stood idly by while Europe moved ahead to bring in windfall taxes. I welcome the Bill, but as others have said, it is too little, too late and not enough. Ordinary people have suffered. The question now is whether the Government will finally grasp the...

Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023: Second Stage (21 Sep 2023)

Cathal Berry: I thank the Minister of State for his detailed opening statement. I welcome the opportunity to make some comments and contribute to this debate on the windfall gains in the energy sector. Like my colleagues, I certainly welcome the content of this Bill, but also like my colleagues and like the Minister of State, I recognise how belated it is. The war in Ukraine began 18 months ago and we...

Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023: Second Stage (21 Sep 2023)

Gino Kenny: People Before Profit welcomes this legislation but it is beyond me why it has taken so long to bring it to this juncture. Why do we have to put legislation forward to compel energy companies to give money back? In the last number of years, and well beyond, the companies have been seriously profiteering from the energy crisis. People's bills have borne this out. Ordinary people are...

Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023: Second Stage (21 Sep 2023)

Richard Boyd Barrett: This Bill is better than nothing but it is too little and too late to address the cost-of-living misery and the energy poverty that has been inflicted on huge swathes of our population since the cost-of-living crisis took off. I believe it was People Before Profit that put the first cost-of-living motion to the Dáil at the outset of the crisis in October 2021, which looked for measures...

Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023: Second Stage (21 Sep 2023)

Jennifer Whitmore: That should be in the legislation. The targeting of it should also be spelled out in the legislation. An element of the Bill I welcome and was interested to see is that the hedging element from these companies will be notified to the CRU as the competent authority. That is welcome but I ask that it not be limited to the Bill and this period in time. It is important that the CRU has the...

Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023: Second Stage (21 Sep 2023)

Fergus O'Dowd: Like others, I very much welcome the Bill. It is appropriate and timely, however, that I address issues of which Ministers are aware, particularly in the Department of the Minister of State, Deputy Ossian Smyth, but on which they have not acted. The most obvious injustice and inequality is that full-time residents of mobile homes are locked out from the excellent €600 to €800...