The Agriculture Minister says Government will consider taxing the two state owned energy providers if prices don't fall.
Reports today suggest ESB-Electric Ireland and Bord Gais could face a 'special dividend' - used by the state to offset high bills for consumers.
The Taoiseach, Leo Varadkar, told the Dail yesterday he expects householders to see a reduction 'in the near future.'
Agriculture Minister Charlie McConalogue says action will be taken if that doesn't happen.
"We certainly hope that we are over the worst of that, and certainly in terms of international energy markets reflecting that.
"We need to see that now translate to homeowners and to businesses, and if we don't the Government will consider all options to actually ensure that it happens, and that nobody is profiteering on the back of hardship that people have had to face in terms of energy, in heating their homes and running their businesses in the past year."