Up to €500 million in revenue from the Irish government’s windfall energy tax could be at risk due to a legal challenge at European level.
Last year, the European Parliament adopted a regulation telling member states to set up “temporary solidarity contributions” to be levied on the excess profits of companies in the fossil fuel sector. This windfall tax measure was adopted alongside a market price cap on non-gas electricity generators.
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Pinergy becomes first energy provider to cut pricesEnergy provider Pinergy has become the first energy supplier here to reduce its prices since elevated wholesale costs began to fall on international markets. Sudden magic. Where's the regulators. International markets dropped ages ago. These companies are robbing us blind. I bet they won't go back to the old normal price. There will be a new high average price. A good PR move with the recent bad PR prepay meter installations have been getting.
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