Ryan: Energy company windfall tax will be ringfenced for cost-of-living supports

Eamon Ryan said the exact amount paid by energy firms would depend on the price of gas in the coming months. Picture: Gareth Chaney/ Collins 

Money from a new windfall tax on energy companies will be ringfenced for measures to help with the cost of living, which could include another energy rebate for households.

Green Party leader Eamon Ryan has said the Government expects to take in between €280m and €600m from the new levies, which will be "ringfenced" and "recycled" to help households.