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 Lynn BoylanLynn Boylan (Sinn Fein) | Oireachtas source

I move amendment No. 4:

In page 9, between lines 19 and 20, to insert the following:

Reporting on the use of proceeds from the cap on market revenues

6. The Minister shall, within six months of the passing of this Act, prepare and lay before the Houses of the Oireachtas a report on the application of, including the use of the proceeds from, the cap on market revenues.”.

This amendment is fairly straightforward. It calls on the Minister within six months of the passing of the legislation to prepare and lay before the Dáil a report on the application of, including the use of the proceeds from the cap on market revenues. That will be a report on the implementation of the scheme with particular reference to the use of the proceeds. It is a very simple measure and I hope that the Minister will support it.

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