Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023

Plain-English summary AI · claude-haiku-4-5-20251001

• Caps electricity market revenues from certain sources (Dec 2022–June 2023) under EU emergency rules on high energy prices.
• Producers, intermediaries, and traders must pay revenues exceeding the cap to a collection agent; amounts calculated under specified rules.
• Revenue collected goes into a fund for disbursement schemes; government appoints collection agent and enforces compliance obligations.

Stage timeline

1. First Stage 33rd Dáil

   31 Aug 2023
2. Second Stage 33rd Dáil

   31 Aug 2023
3. Committee Stage 33rd Dáil

   21 Sep 2023
4. Report Stage 33rd Dáil

   18 Oct 2023
5. Fifth Stage 33rd Dáil

   18 Oct 2023
6. Second Stage 26th Seanad

   26 Oct 2023
7. Committee Stage 26th Seanad

   26 Oct 2023
8. Report Stage 26th Seanad

   9 Nov 2023
9. Fifth Stage 26th Seanad

   9 Nov 2023
10. Cream List 33rd Dáil

    15 Nov 2023
11. Enacted

    17 Nov 2023