EU agrees windfall tax on energy firms Tags:ireland 4 comments The EU has agreed the mechanism to cap profits for energy firms. For Ireland, this will mean capping the profits on gas from Corrib, and more importantly on excess marginal profit from wind energy. At the moment wind energy producers are getting paid the same amount as companies producing electricity from gas. The agreed mechanisms would remove their profits as a windfall tax. As Ireland is currently running on over 60% wind, and as this tends to be far higher over the winter period, this is extremely important for us. Fine Gael must be raging. a few weeks ago this idea was a threat to investment. They should sink every cent of it into renewables Does that mean the three €200 energy credits are no longer necessary? Leave a ReplyYou must be logged in to post a comment.
The EU has agreed the mechanism to cap profits for energy firms. For Ireland, this will mean capping the profits on gas from Corrib, and more importantly on excess marginal profit from wind energy. At the moment wind energy producers are getting paid the same amount as companies producing electricity from gas. The agreed mechanisms would remove their profits as a windfall tax. As Ireland is currently running on over 60% wind, and as this tends to be far higher over the winter period, this is extremely important for us.
4 comments
The EU has agreed the mechanism to cap profits for energy firms.
For Ireland, this will mean capping the profits on gas from Corrib, and more importantly on excess marginal profit from wind energy.
At the moment wind energy producers are getting paid the same amount as companies producing electricity from gas.
The agreed mechanisms would remove their profits as a windfall tax.
As Ireland is currently running on over 60% wind, and as this tends to be far higher over the winter period, this is extremely important for us.
Fine Gael must be raging. a few weeks ago this idea was a threat to investment.
They should sink every cent of it into renewables
Does that mean the three €200 energy credits are no longer necessary?