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Ireland Announces Measures to Address Windfall Gains in the Energy Sector

23 November 2022

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Proposed Changes

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Ireland

Ireland's Department of the Environment, Climate, and Communications has issued a release announcing measures to address windfall gains in the energy sector. --- Minister Ryan announces measures to address windfall gains in the energy sector The Minister for the Environment, Climate and Communications, Eamon Ryan, has today announced measures to address windfall gains in the energy sector through the implementation of Council Regulation (EU) 2022/1854. Elevated wholesale gas prices have led to potential windfall gains for electricity producers, which have seen an increase in revenues from the wholesale electricity market. The elevated prices also have the potential to generate windfall...