Eamon Ryan discusses plan to introduce cap on energy

Eamon Ryan discusses plan to introduce cap on energy

Assessment

Interactive Video

Business

University

Hard

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The video discusses the government's approach to addressing windfall gains in the energy sector, focusing on mechanisms to claw back excess profits from non-gas electricity generators and fossil fuel industries. It outlines the European Commission's parameters and the specific rates applied in Ireland. The video also covers the solidarity contribution, revenue expectations, and legislative requirements needed to implement these measures. The aim is to protect consumers and businesses from high energy prices.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the main focus of the European Council's agreement discussed in the first section?

Increasing profits for gas companies

Clawing back excess profits from non-gas generation and fossil fuel industries

Reducing electricity prices for consumers

Promoting renewable energy sources

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why are oil and coal generators excluded from the electricity sector measures?

They are already operating at a loss

To prevent them from shutting down due to power shortages

They are more environmentally friendly

They have lower profit margins

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the cap set for wind power profits in the electricity sector?

€100 per MW hour

€180 per MW hour

€150 per MW hour

€120 per MW hour

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the rate set by the European Commission for the solidarity contribution?

25%

33%

50%

75%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the challenges in estimating the revenues from the solidarity contribution?

Lack of historical data

Fluctuating gas prices

Insufficient government support

High operational costs