Budget will contain provisions for a windfall tax on energy companies, says Ryan

Energy minister says utilities' excess profits will be taxed in Budget 2023 even if the EU has not agreed to the move

Energy Minister Eamon Ryan said that there is "absolute agreement" on the tax, which will claw back excess profits from fossil fuel-burning energy companies. Picture: Gareth Chaney/ Collins Photos

The budget will contain provisions for a windfall tax on energy companies, even if the EU has not agreed the move by September 27.

Energy Minister Eamon Ryan said that there is "absolute agreement" on the tax, which will claw back excess profits from fossil fuel-burning energy companies.