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withdrew all cost-of-living supports this year, leaving families as much as €1,400 worse off. The Government must now introduce a windfall profits tax on energy companies and price caps on petrol, diesel, home heating oil, electricity and gas to support families with the cost … last year, and 500,000 households are in arrears on their electricity and gas bills. In 2023 the Government introduced a windfall profits tax on energy companies and a cap on market revenue which brought in €456 million. The same should happen now. Energy companies are making huge

Carbon tax must be removed from home heating oil and VAT should be reduced from 13.5% to 9%. Oil companies are making obscene windfall profits and they must be subject to a windfall profit tax. The eight largest oil companies have made $93 billion in profit in three … must, as a minimum, reduce the cost of home heating oil by removing the carbon tax and reducing the VAT rate, introduce a windfall profits tax, make data centres pay the same electricity rates as households, pay a €500 energy credit to households, introduce a second tier

measures at the start of Russia's brutal illegal invasion of Ukraine. We will continue to work on how best to deal with windfall profits. I share the Deputy's analysis of the situation on the windfall profits and how we best deal with that. We will continue

only €814 million last year, which was way down from €1.55 billion the year before. Its energy section, Bord Gáis Energy, made profits of €72.5 million. They are the ones increasing their bills. We know all about the geopolitical conflict and all of that, but the Government … such as not increasing, or removing, the carbon tax on home heating oil in particular and dealing with other energy credits. With the windfall profits they are making, there should be extra charges and an extra tax on those windfall profits

families surveyed had fallen into energy bill arrears at some point during the previous year. We can talk all day about windfall profits, but there are disabled people in Ireland going without heat because they cannot afford the bill. According to the Disability Federation of Ireland, almost … energy use without damaging their health and quality of life. We in Independent Ireland have consistently argued that when energy companies make exceptional windfall profits during a crisis, those gains should be returned to the people struggling to pay their bills. Ireland has used a windfall contribution

falling into debt. Meanwhile, energy companies continue to rake in profits on a scale that many ordinary people cannot even comprehend. These are windfall profits driven by war, international instability and global energy shocks. Profits are generated because families have no choice but to pay to heat their … paying the price for that choice every single day. Sinn Féin would make a different choice. We would introduce a 75% windfall tax on excess profits and reintroduce energy credits to provide immediate support in the short term to households. We would reform the energy market to hold

combined €456 million; and — the Minister for Finance, has suggested that the State should wait for a joint EU approach to windfall taxes on the excess profits of energy companies, but Portugal has already moved ahead and introduced its own windfall tax; and calls on the Government … Social Democrats are calling for action now, rather than at some undefined point in the future. We are proposing that excess windfall profits be taxed and that the proceeds be returned directly to households through a targeted €400 energy credit for low- and middle-income families. The previous

time that the Government stopped hand wringing and actually did something about it. A windfall tax on the superprofits of energy companies needs to be introduced now to stop this immoral profiteering. This is money that could be used to provide support for those who need it most … this Government instead of the usual tinkering around the edges. Does the Tánaiste agree that it is immoral for energy companies to make windfall profits during an energy crisis? Will the Government introduce a windfall tax on their superprofits

very straightforward questions. I asked him to give his view as to whether it is immoral for energy companies to be booking record windfall profits off the backs of people who are struggling with the energy crisis. Does he think that is immoral? Does he have any view … good. Households are struggling now. We have put forward a proposal for a windfall tax, the aim of which is to reduce energy bills because companies could no longer pocket and keep excess profits under the proposal. That would create an incentive for them to reduce energy prices

energy company is illegitimate. ESB has an enormous programme of infrastructure investment ahead of it, which is essential to the transition. Windfall profits are different. The Government already accepted that principle. In 2023, it introduced a solidarity contribution on exceptional fossil fuel profits … particularly when the ESB reported €445.6 million in pre-tax profit for the first six months of this year, with its chief executive salary being increased to €410,000. This motion proposes using revenue from renewed windfall measures to provide a targeted €400 credit to households earning

this. The European Commissioner for energy, however, has said very clearly that the EU is not planning any EU-wide tax on windfall profits and actually said yesterday that the Commission will help countries to develop schemes themselves. What is the Government doing here? Who is it kidding

rise by even more. The price of diesel and kerosene will rise further and it is oil and energy companies that are profiting massively off the crisis caused by Trump. Why is the Government not taking a comprehensive approach to energy affordability? The impact of higher oil prices … Tánaiste. They gathered in Dublin. Six of them wrote to the Tánaiste a number of weeks ago in relation to taxing the windfall profits of power companies. A week on, where does the Government actually stand? I know what the Tánaiste said earlier but will this happen

just baffling. There is a perception that this Government continues to pick the wrong side, namely, the side of big business, profits and greed, all at the expense of the taxpayer. The merits of the motion are clear and simple and would do untold good for the hundreds … around the shop with a calculator in their hands, desperately concerned about going over budget while international supermarket chains lap up windfall profits. If the Government picked the side of those people and chose to do good instead of waiting, this proposal would be considered

making enormous profits while pensioners go cold. Instead of allowing this blatant and scandalous profiteering, the Government could introduce a windfall tax on their excess profits. The Taoiseach could take a stand by telling energy companies the burden of paying for these costs will not be borne … would appreciate straightforward answers. Does the Taoiseach agree that it is immoral for these companies to be making such eye-watering profits? Will he introduce a windfall tax on their excess profits

many of us in the Opposition fought tooth and nail to make the case to the Government for the introduction of windfall taxes on the supernormal profits of energy companies. Finally, the Government moved, at a glacial pace, to the Opposition's position. The net result of that … that, to wean people off carbon and ensure we have a secure energy supply. In the meantime, we need a windfall tax on the profits of energy companies. The discourse on this is extremely slow. Looking at the Government, you would not think this is a crisis

Minister of State acknowledged. We are talking here about super-profits and extra profits - profits that were never anticipated or expected. A windfall tax on profits that were never expected or anticipated is an entirely just proposition. We would claw back those profits for measures such rolling … higher profits. There is no justification at all for the Government's inaction on this. It is a constructive proposal. It has been done before. It can and should be done. We urge the Government at this late stage to adopt our proposal for this windfall

Whitmore mentioned, ESB Networks made €445 million in pre-tax profits. That is incredible. That is why we are proposing the windfall tax on excess energy profits, with the money raised used to fund a €400 energy credit for low-to-middle income households. These are households that … people and households that have been hit the hardest. More fundamentally, a windfall tax is about fairness. It ensures the burden of an energy crisis does not continuously fall on ordinary households while exceptional profits are made elsewhere. Families should not have to choose between heating their homes

under pressure from us and others, the Government did introduce a windfall tax. It was an inadequate tax and did not go far enough, but it raised nearly €500 million. It was then abolished. The record profits, however, have continued and have now accelerated in the context … profit, commercial mandate where it has to pretend it is just another private company operating in the market on a for-profit basis. We need windfall taxes and price controls, but what we fundamentally need to do is to reverse the process of liberalisation and privatisation. We need

soaring bills while energy companies rake in massive profits. Energy credits must be reinstated. They can be partly funded through a windfall tax on these excess profits. However, when I was debating this matter with the Minister for Finance, Deputy Simon Harris, last night, he once again turned

energy companies have been making extraordinary profit from the energy crisis. That is why we in Sinn Féin support a 75% windfall tax on those exceptional profits. Those companies should contribute to dealing with the consequences of the prices. Instead of filling the pockets of their shareholders

because of extra work being done but because of the geopolitical situation. On the one side, there is hundreds of millions in profits and on the other side are pensioners who are afraid to turn on the heating. The Government tells us that the international markets … This is about political choices. It is about putting ordinary hard-working people first. The Government should introduce a windfall tax on excess profits, reintroduce the energy credits and reform the energy market. It is very simple. The money raised should all go directly to these struggling households

will rake in even greater profits while ordinary people are left to carry the burden. Will the Minister bring forward a windfall tax on these excess profits and use the money to help households struggling to keep the lights on and heat their homes this winter

Government on the Social Democrats' motion calling for the introduction of a market revenue cap and a temporary solidarity contribution on the excess profits of energy companies. The Government proposes to reject this motion and amend it. The conflict in the Middle East and in Ukraine have caused … Presidency of the Council of the EU, received a joint letter from six EU member state finance Ministers regarding a windfall levy on exceptional profits made by oil companies as a result of heightened prices due to the conflict in the Middle East. This item

Deputy Pearse Doherty asked the Tánaiste and Minister for Finance if he will consider applying a 75% windfall tax on the profits of energy companies, including electricity companies. [68614/26

year. Energia recorded pre-tax profits of €70 million in the second quarter, while Bord Gáis Energy recorded €50 million in pre-tax profits for the first half of this year. There is something fundamentally wrong when families are sitting around their kitchen tables trying to work … elsewhere. We have an opportunity to help families in need now. I urge the Government to support this motion. Introduce a windfall tax on excess energy profits and ensure that the money raised goes directly towards households which need it most

Deputy Pearse Doherty asked the Tánaiste and Minister for Finance if he will consider applying a 75% windfall tax on the profits of energy companies, including electricity companies. [68614/26