Energy Prices
Dail Éireann — 2026-09-29
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Pearse Doherty (SF), Donegal

It is the energy Commissioner who made the point that there will be no windfall tax at a European level. That is the wrong position - I absolutely agree on that - but in this Parliament, the Minister, as the Minister for Finance, can bring one in if he wants. He can tax the excess profits. We are talking not about the profits but about the supernormal profits that energy companies are making. He should tax them at a rate of 75%. Why? It is because they should not be making these types of profits while people are being pushed to the pin of their collar and we are seeing double-digit increases in gas and electricity prices. It is immoral that energy companies are making these types of profits. As the Minister for Finance, the Tánaiste would have the back of ordinary Irish people if he stood up and said he was going to make sure these excess profits are taxed and that that tax would be redirected back into people's pockets and to households right across the State to help them with their electricity and gas bills. That is a decision that he could make today if he wanted to. Will he consider that?

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2026-09-29/debate/main
Retrieved: 2026-10-05T01:00:59+00:00
Sitting date: 2026-09-29