Seanad debates

Thursday, 9 November 2023

Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023: Committee and Remaining Stages

 

9:30 am

Photo of Ossian SmythOssian Smyth (Dún Laoghaire, Green Party) | Oireachtas source

I thank all Deputies and Senators for their work in passing this Bill. I particularly want to thank the officials in the Department of the Environment, Climate and Communications for the work they put in to carry this out. This Bill takes excessive money that was earned by electricity generators during a time of war and transfers it to electricity consumers who are finding it hard to pay their bills. It will be done in a targeted manner.

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