Gas companies may have to pay 'solidarity contribution' from excess profits, says minister

  • 📰 thejournal_ie
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 50%

Business News News

Business Business Latest News,Business Business Headlines

The main drive will be to find ways to compensate people struggling to pay their bills.

Minister Eamon Ryan Image: Alamy Stock Photo Minister Eamon Ryan Image: Alamy Stock Photo Updated 24 minutes ago

Moscow’s invasion has seen the price of natural gas hit record levels, throwing the EU economy into deep uncertainty with all eyes on whether Russian President Vladimir Putin will cut off the energy flow entirely. The Irish Government also backs the idea of taking some of the excess profits that companies in the oil and wind sectors are making, due to the gas markets setting the price.

This would be done by relaxing EU rules on state rescues of companies that are suddenly facing more onerous terms for cash as fears of a crisis spread.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

'May' have to pay, but the people 'have' to pay !

Hopefully he brought an adult with him to the talks

Just grow a pair and get them to pay !!! Nit just may pay !!!!! Great green tea drinker leader

Please shut up.

If Globalist want to enforce green policies then they should enable them at affordable rates, otherwise the green deal is off: we should go back to burning coal and turf and whatever else we can use for cooking and heat.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 32. in BUSİNESS

Business Business Latest News, Business Business Headlines