144. Deputy James Bannon asked the Minister for Public Expenditure and Reform if consideration has been given to supporting an amendment in the Valuation (Amendment) (No. 2) Bill 2012, to remove clause M (VII) of the principal Act, which would consider other forms of renewable generation in relation to other Irish properties; if he is aware that new valuations methodology for wind and renewable energy, which came into force on 31 December 2014, has led to a sharp increase in actual commercial rates liabilities, from an average of €6,333 per megawatt of installed capacity to between €19,762 and €20,485 per megawatt, representing an approximate increase of 218%; if he is aware that commercial rates for wind farms are now twice that for fossil fuel plants; his views that this change will hamper the ability to meet European Union climate targets and the renewable energy directive 2009/28/EC; his views on concerns that this could threaten employment and investment in the renewables sector; and if he will make a statement on the matter. [16449/15]

Summary

144. Deputy James Bannon asked the Minister for Public Expenditure and Reform if consideration has been given to supporting an amendment in the Valuation (Amendment) (No. 2) Bill 2012, to remove clause M (VII) of the principal Act, which would consider other forms of renewable generation in relation to other Irish properties; if he is aware that new valuations methodology for wind and renewable energy, which came into force on 31 December 2014, has led to a sharp increase in actual commercial rates liabilities, from an average of €6,333 per megawatt of installed capacity to between €19,762 and €20,485 per megawatt, representing an approximate increase of 218%; if he is aware that commercial rates for wind farms are now twice that for fossil fuel plants; his views that this change will hamper the ability to meet European Union climate targets and the renewable energy directive 2009/28/EC; his views on concerns that this could threaten employment and investment in the renewables sector; and if he will make a statement on the matter. [16449/15]

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Proposed Legislation

  xml · EN · 28 April 2015

  ViewDownloadOpen at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.