The Dublin Bay South TD said while wholesale electricity prices were falling, providers were refusing to pass that benefit on to families and households despite “record-breaking eye watering profits”.
“It’s nowhere near enough,” he said. “Wholesale prices are now coming down. I understand that there is a lag between wholesale prices coming down and retail prices for homeowners and businesses coming down. I get that, but it shouldn’t be too much of a lag. The Taoiseach said this wouldn’t just be about “polite encouragement” with a windfall tax that would be legislated for in the Dáil and the Seanad in the coming weeks.
“We have to work out the exact mechanisms around it, that’s what we intend to do. Also, we’ll be saying to State owned companies for example, that if you make hyper profits, we have the power to take some of it off you in the form of a special dividend and use that money to help people as well.”
Special dividend!!!! thought they were bringing in a windfall tax
We don't have electricity from the Russians, So at least explain rationally why you raised electricity bills so much? If such prices are introduce, then introduce a minimum wage for 20 euro per hour, so we can live with dignity , not as a slave.
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Source: IrishTimes - 🏆 3. / 98 Read more »