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Dublin Live
Dublin Live
National
Ferghal Blaney & Roisin Butler

Cost of living: New energy credit on the cards following government decision

Leo Varadkar Eamon Ryan

Households could be in receipt of a new energy payment as soon as September thanks to new legislation.

The government is expected to give the green light to a new windfall tax law today. The legislation will allow government officials to collect as much as €600 million in windfall taxes from energy companies this summer.

Estimates suggest that the total windfall could range from anywhere between €280million and €600 million, depending on the ongoing energy crisis. Minister for the Environment Eamon Ryan is responsible for bringing the legislation to Cabinet.

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