Fossil fuel energy firms could be hit with the Government’s profits windfall tax in the coming weeks under new legislation set to be agreed by Cabinet this morning.
This would be a boost for households because the windfall tax on all energy firms, renewable and fossil, is set to deliver between €280million and €600million to the Exchequer.
And the Government has promised that this will be set aside to help consumers pay the elevated energy bills we have all become used to seeing.
