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Ireland to tap surplus, taxes on suppliers for any future energy measures - finance minister

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Ireland will tap excess funds not stored in its national reserve fund if consumers and businesses require additional assistance with their energy bills beyond March next year, Finance Minister Paschal Donohoe (pictured) said on Tuesday (27 September).

Donohoe said that the first port of call to get the surplus is the one he believes we have. He was asked by a reporter if he would tap into the €6 billion national reserve funds in the first instance.

"The second port-of-call will be our participation in any EU wide energy tax measures that may be introduced. If that is not possible, the government has pledged today to bring forward our domestic tax raising measure for the energy sector."

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