EU agrees to windfall levy on energy companies which could generate €2 billion for Ireland

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Taoiseach says EU windfall levy could give Ireland 'substantial' amount

Green Party leader Eamon Ryan speaking before this morning's meeting of EU energy ministers. Green Party leader Eamon Ryan speaking before this morning's meeting of EU energy ministers. ENERGY MINISTER EAMON Ryan says a windfall levy on energy companies is one of “several pieces in the jigsaw” that is required for this “incredibly difficult time”.

Under the deal, these companies will be asked to give back a share of their profits above the average of the past four years, according to officials at France’s energy ministry. He told RTE that there are “mechanisms” wherein people can “go to the Social Welfare Services for additional supports”. “That’s why the European Union is taking a bit more time to look at the fundamentals of the market, in terms of the relationship, for example of gas with renewables, in terms of the pricing issue, but in the short term, making sure that we can take measures that would ensure that we would get some of that revenue, that extraordinary revenue,” he added.Sinn Féin recently pointed out that several other European countries have introduced energy price caps.

“We will be introducing a cap on the electricity and the gas markets in terms of capping the profits that accrue out to the to the energy companies and start to bring that back to the people.”Also introduced in the budget was a 10% levy on concrete blocks, pouring concrete and other concrete products to offset the cost of the Mica redress scheme.

 

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The nutter in chief!!

White water rafting back on the cards? Let’s hope so

Get rid of this wef puppet. Shame on you EamonRyan

Eamonn Ryan must have dirt on every single politician. Ain't no other way they could be bowing down to this absolute ginnet

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