All the updated news related to windfall

All the news related to windfall updated in real time

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National News

Energy crisis will last two years, warns Environment Minister

Environment Minister Eamon Ryan has warned that the energy crisis will last two years. It comes as EU countries agreed to implement a windfall tax on energy companies in a bid to tackle soaring energy prices across the continent. Energy ministers ...

30 Sept 2022 at 13:35

National News

Government considering windfall tax on energy companies with 'immoral' profits

The government will consider introducing a windfall tax on energy companies who have enjoyed record profits in the upcoming Budget. It comes after there were renewed calls for an introduction of the tax on the companies’ soaring profits and for ...

05 Aug 2022 at 11:11

National News

‘Right and proper’ government takes back huge profits from energy companies

The Tanaiste said it is “right and proper” that the government takes back some of the huge profits energy companies have been making on the back of the energy crisis. Leo Varadkar made the comments after the ESB Group reported a significant ...

16 Sept 2022 at 17:26

National News

ESB Group reports huge rise in profits

ESB Group has reported a significant increase in profits for the first half of the year, as customers face soaring energy bills. The electricity company saw revenues of 3.7 billion euro in the first six months of 2022, a 1.5 billion euro ...

16 Sept 2022 at 17:57

National News

Memo on introducing energy windfall tax to be brought before Irish ministers

A memo is to be brought before Irish ministers on Tuesday on introducing a temporary windfall tax, it is understood. It is to come before Cabinet following agreement by EU energy ministers on implementing the emergency levy in response ...

21 Nov 2022 at 23:42

National News

Windfall tax on electricity companies will help protect consumers, minister says

A new windfall tax aimed at reducing energy prices for has been described as “pragmatic, fair and progressive” by the Environment Minister. Eamon Ryan said the tax on non-gas electricity generators will be collected and used to ...

22 Nov 2022 at 17:35

National News

Windfall tax proceeds ‘may not fund’ additional €200 energy credit

Proceeds from windfall profits of energy companies may not be enough to fund another €200 energy credit, Environment Minister Eamon Ryan has said. The Government is to decide in the Budget how it will use up to €600 million ...

21 Mar 2023 at 22:14

National News

Paschal Donohoe: Government dividend will bring ESB profits in line with 2019

The Minister for Public Expenditure and Reform said he expects an increased Government dividend will bring ESB profits in line with 2019, after the electricity company announced a soaring operating profit of 847 million ...

22 Mar 2023 at 16:19

National News

Varadkar: Windfall tax will not curb investment in renewable energies

The new windfall tax on energy firms will not deter investment by private companies in renewable sources, the Tanaiste has said. Leo Varadkar added that the Government had considered the impact a revenue cap on profits ...

23 Nov 2022 at 16:46

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