Taoiseach Leo Varadkar has indicated that further energy supports could be on the way for customers when the windfall tax is introduced.
He has vowed to “put pressure” on companies to bring down their prices, stating that they must fall this year.
Writing in the Irish Independent, Maarten Verwey, the European Commission’s director general for economic and financial affairs, warned that states must start to wind back energy support as it could have “serious consequences” as interest rates rise.