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Electricity Costs (Domestic Electricity Accounts) Emergency Measures and Miscellaneous Provisions Bill 2022: Second Stage (11 Oct 2022)

Bríd Smith: ...on to that thought because I want to come back to it when we drill down into what is happening in this country. It is incredible that months into the crisis, we have a situation where generators of wind and solar energy, or indeed those who profiteer from Corrib or North Sea gas, can rake in massive profits because of fluctuations in gas prices across the world. This shows that the...

Electricity Costs (Domestic Electricity Accounts) Emergency Measures and Miscellaneous Provisions Bill 2022: Second Stage (11 Oct 2022)

Ivana Bacik: ...challenge if we are to change our country for the better. An increase in take-home pay is the best way to help working people and families to keep up with rising costs. We need to see the power of employees to negotiate pay rates and salaries with their employers strengthened. As a lifelong trade unionist, I want to see stronger rights for unions to bargain collectively on behalf of...

Electricity Costs (Domestic Electricity Accounts) Emergency Measures and Miscellaneous Provisions Bill 2022: Second Stage (11 Oct 2022)

Darren O'Rourke: ...the energy price hikes are going to stop any time soon. With political instability in Ukraine and Russia, international gas prices could increase further this year. Our amendments would give the Minister power to make further payments to households, removing the need for more primary legislation down the line and ensuring that it could be done quickly. Unfortunately, the Government...

Electricity Costs (Domestic Electricity Accounts) Emergency Measures and Miscellaneous Provisions Bill 2022: Second Stage (11 Oct 2022)

Ossian Smyth: ...action to reduce demand during those hours. The overall target is a 10% cut in total electricity demand until 31 March 2023. Second is a temporary revenue cap on inframarginal electricity producers. Power generation technologies with lower generation costs than natural gas, including renewables, nuclear, and lignite, will have their revenues capped. The surplus revenue will be...

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