Windfall tax on energy companies could help households with soaring energy bills next year

Windfall tax on energy companies could help households with soaring energy bills next year

Taoiseach Micheál Martin said money from windfall would be used to alleviate pressure on households. Picture: Gareth Chaney/ Collins Photos

Taoiseach Micheál Martin has said revenue from a windfall tax on profitable energy companies will come on stream from early next year and could further help households with soaring bills.

It comes as Mr Martin attends the second day of an EU Summit where leaders on Thursday night agreed to press ahead with a cap on the wholesale cost of gas as a way to bring down electricity prices.

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