Household electricity costs
Jennifer Whitmore presses the Government to use windfall-tax revenue and pressure energy companies as arrears and household bills rise. The Taoiseach cites fuel-poverty, retrofitting and income-support measures, while acknowledging the need to reduce prices.
Over 300,000 households are in electricity arrears, while 1 million will see hikes in their electricity bills this month. At the same time, wholesale energy prices have dropped by 75% from the peak of the energy crisis. Earlier the Taoiseach asked where the pressure was on these energy companies. I agree 100% with him. Where is the pressure on these energy companies? That is his job. Families are struggling between eating, electricity costs and heating their homes. I remind the Taoiseach the Government is currently sitting on approximately €190 million from the windfall taxes brought in over the past couple of years. Why is the Government not using that money to alleviate the pressures on families who are really struggling? They will continue to struggle over the course of the winter.
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We are using that money. We have used substantial resources in terms of the retrofitting programme-----
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That money is just sitting there.
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You have not spent that money.
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-----and extending it into the working family payment, which will bring in a significant cohort of working people who are on relatively low incomes. We are spending an unprecedented amount on funding and targeting the measures. The quote the Deputy used is a bit distorted because I said it in the context of Deputy Murphy wanting universal credits for everybody, irrespective of income or wealth. That was the context because that would bail out the energy companies, ultimately, and incentivise them to keep increasing prices. There needs to be pressure on the companies.
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The Minister is engaging with them. We need to do everything we can to get prices down.
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Put the pressure on them.