Ireland could get €3bn from windfall tax on energy companies

Ursula von der Leyen announced yesterday that the proposed charge will raise more than €140bn for member states to cushion the blow of the fossil fuel crisis. Picture: Kenzo Tribouillard/AFP via Getty Images

Ireland could be in line to get €3bn or more from a windfall charge on profitable energy companies which will further help households with soaring bills.

President of the European Commission, Ursula von der Leyen announced yesterday that the proposed charge will raise more than €140bn for member states to cushion the blow of the fossil fuel crisis caused by Russia’s war on Ukraine.