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Seanad: Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023: Second Stage (26 Oct 2023): Eamon Ryan: ...the State and provide for the redistribution of the collected funds back to consumers. It does this by implementing a cap of €120 per MWh on electricity produced from renewable sources, namely wind, solar and hydropower. In addition, a variable cap, of at least €180, is applied to coal, oil, peat and biomass fuels. On the basis of economic appraisal conducted by my...
Seanad: Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023: Second Stage (26 Oct 2023): Eamon Ryan: ...Department on their work in this regard. It is important that we get the legislation right. I agree with the various comments from Senators that our future will be in the development of renewable power, including wind, solar, geothermal, biomass and hydro power. The presentation the wind industry made to the joint committee yesterday referred to delays. I agree with the commentary that...

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