The government has been accused of protecting energy companies and their profits at the cost of Irish families and businesses.
It follows pre-legislative scrutiny of the General Scheme of the Energy (Windfall Gains in the Energy Sector) Bill 2023 at the Environment and Climate Action Committee yesterday (TUES).
The proposed energy windfall tax has two parts - a ‘temporary solidarity contribution’ from gas producers and refineries on 2022-23 profits and ‘a cap on market revenues’ from non-gas generation between December 2022 and June 2023.
