Deputy Kelly Condemns High Cost Of Energy In Ireland


Tipperary Labour TD Alan Kelly is condemning the high cost of energy in Ireland. The TD lashed out at energy companies for not passing on reductions in wholesale prices to consumers.

The TD says the companies are profiteering and that the war in Ukraine is only one factor causing energy price increases.

The latest CSO figures show that wholesale electricity prices have now reached their lowest point in 2 years after falling by 64% in the 12 months to July with consumers yet to feel the benefit.

Deputy Kelly wants the proposed windfall tax on the profits of energy companies to be implemented urgently to provide financial support to those who need it most.

The Government has published legislation for a windfall tax on the profits of energy companies and hopes to progress the legislation when the Dáil returns.

It is estimated that the tax could see €200 million to €450 million collected by the end of December to be redistributed to help those in difficulty with their energy bills.