specifically intended to help struggling households pay their electricity bills. This money was collected under an EU emergency intervention designed to claw back excess profits from energy companies and return that money to ordinary people during the cost-of-living crisis. That was the entire purpose
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Government and the regulator. This is a concerning thing.
The CRU's interim review concludes that it has found no evidence of excess profitability or price gouging by suppliers. For me, that raises more questions than it answers. The CRU will appear before the climate committee tomorrow
workers. It means intervening when prices are spiralling, including in the cost of home heating oil. It means reducing energy costs and ensuring excessive profits are used to support households.
Fuel may be the spark to these protests but this has exposed a deeper pressure on working families
must be cognisant that people had credits factored into their household budgets.
In winter 2022, the Government brought in a windfall tax where excessive profits were being made by energy companies and the Government was able to take some of those profits back as a deterrent to raising
election. This is something we will be coming back to because the Government must be committed to dealing with the issue of excessive profits being made following the zoning of land.
It is nothing short of shameful that 17,000 people will spend this Christmas in homeless accommodation
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 are being squeezed
grip on the cost of living. It cannot continue to stand back while household bills rise. The energy companies simultaneously record enormous profits. It should not fall on the families. We should not have to wait and tell families they have to wait until everything is sorted … 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
comes to energy, we are paying the highest prices in Europe, enduring years of increasing bills while the energy companies have posted enormous profits. Another budget and another year of the same with no real plan to tackle the energy rip-off. The Government boasts about a package … volatile gas markets.
The Government did have choices in this budget. It could have reintroduced energy credits, imposed a windfall tax on excess energy profits, forced data centres to pay their fair share for the enormous strain they are placing on the grid, or accelerated renewable energy delivery
fair share. That is why I support the motion. There needs to be a dividend for hard-pressed consumers from companies making excessive super profits and the energy and electricity companies which, as others have mentioned, are making way too much at a time when everyone else
eating.
The EU has explicitly relaxed State aid rules, allowing targeted price interventions, income supports, tax incentives and even windfall taxes on excess energy profits, yet the Government’s approach is timid. There is no serious push for windfall taxation, no targeted price intervention and absolutely no urgency
bring forward a coherent package?
Why not take the options that we have proposed, such as a windfall tax on excess energy profits of big companies; a renewables revolution to end reliance on fossil fuels; targeted energy credits for working households; and indexation of tax bands? This would
licence period with no enforcement actions undertaken by the EPA other than an €11,000 fine. For a company that generates a profit in excess of €200 million, €11,000 is a drop in the ocean. It will make no difference. Can the Minister of State please look
conducted by the Alliance for Insurance Reform, found that the vast majority reported premium increases in the past two years and faced higher excesses, new exclusions, or both, meaning they are paying more for less cover;
regrets that:
— the Government have failed to get insurance costs under control … meaningful action, despite extensive evidence that previous reforms have not been passed on; and
— insurance companies in this State are making profits far in excess of industry norms, at the expense of workers, families, businesses and community groups; and
calls on the Government to:
— address the disproportionate profits
Ireland that provide a lot of employment to people. Of course, they make profits. It is our job to ensure that their profits are not excessive and that we curtail them. The best way to do that is through the CCPC and engagement with the consumer protection entity
range of other objectives. Among those objectives is ensuring taxpayers' money is used in a way that sustains services while not excessively increasing private profit.
Core funding translated into €1.5 million in year one of the scheme for Once Upon a Time services. It then rose
away from the people and places that matter most to them. We also need to move away from a system that relies excessively on for-profit provision and towards one that is centred on care, dignity and public responsibility.
We also need a means-test-free carer
their ever-increasing, and already huge, electricity bills.
We want to do renewable energy in a very different way. Rather than excessive commodification of energy for profit, we would treat it as a public good and translate that into national wealth, increased community ownership, proper consultation and fair
knew they would be. They explicity include provision for the developers to make a profit from the arrangement. Every cent of profit is a cost in excess of what is actually necessary to deliver housing. In light of the collapse of PPP bundle 3 and the reviews
firmly on our neutrality and independence. We should seek to assert influence from that basis. Any military spending in excess of what is absolutely necessary will produce profits for arms manufacturers at the expense of the people of Ireland. We are suffering through a housing crisis
major grocery retailers operating in the State, both Irish-owned and international companies, with an annual turnover in excess of €10 million. This should include country-specific profit disclosures and margin breakdowns. We urge the Government to monitor and publish regular reports on the impact of the transparency
wages together. How much tax do those 3.3 million workers pay on that income? Some €32 billion. What are the total profits of the 170,000 businesses in this country? Some €318 billion. It is more than twice than what all the workers earn between them. How much … rich earn far more and pay far less in tax. Workers earn less and pay more between USC, excessive electricity and energy costs, carbon taxes, you name it.
Profits go up for the super rich, they pay less tax and we get more billionaires, while workers are screwed
cold literally and left to the mercy of unscrupulous insurance companies more concerned with how high excesses could go, raising insurance premiums and making more profit than ensuring people were supported. That is not good enough. We have repeatedly proposed measures to rectify this mess such
billion. An agency created in the depths of a financial crisis to manage what were essentially the worst excesses of the Irish property and banking sectors turned a profit of over €4 billion for the taxpayer. That was not the expectation of many commentators … were a country the international markets had effectively written off. The interest rates being demanded on our sovereign debt were excessive. The establishment of NAMA and, critically, its credible and professional operation over subsequent years were part of the signal to international investors that Ireland was serious
profit model that dominates the scheme. Some 99% of contracts go to the for-profit providers. The largest supplier has more than 600 schools. The next two largest suppliers have in excess of 400 schools. We saw what happened last year when two major suppliers withdrew from
last EU nitrates committee meeting member states voted to approve the use of processed manure above excess nitrogen limits. We should be showing leadership. We can be sustainable, profitable and show leadership
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