Government publishes legislation for windfall tax on energy companies 

The Government plans to pass the Bill through the Oireachtas after the summer recess. 

The Government has published new legislation to introduce a windfall tax as well as revenue caps on energy generation companies that have been making massive profits since the outbreak of the war in Ukraine last year.

On Friday, Environment Minister Eamon Ryan published the Energy (Windfall Gains in the Energy Sector) (Temporary Solidarity Contribution) Bill 2023.