Michael Moynihan (Cork North West, Fianna Fail) | Oireachtas source

I move amendment No. 12:

In page 16, between lines 13 and 14, to insert the following:
"30. The Minister shall, within 12 months of the enactment of this Act, bring forward a report which shall outline a review of the retail energy market in Ireland, assessing whether or not sufficient competition and regulation is in place to ensure prices are kept low for consumers."

Again this amendment seeks that the Minister brings forward a report in respect of the retail energy market in Ireland. One has to question the role of the regulator in respect of the continuous increases in energy prices in the Irish market even with competition. It would be helpful if the Minister were to bring forward a report, in view of the sale of Bord Gáis Energy or part of it, on what is happening in the retail energy market. I ask the Minister to consider this amendment in the same light as the previous amendment.