Oireachtas Joint and Select Committees

Tuesday, 2 February 2021

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Pre-legislative Scrutiny of the General Scheme of the Competition (Amendment) Bill 2021

Photo of Paul GavanPaul Gavan (Sinn Fein) | Oireachtas source

I will move on to the energy market. We pay the fourth highest electricity prices in Europe, though when VAT and environmental levies are taken into account, we are the most expensive. The shocking thing is that consumers pay just under 50% higher than the EU average. The Commission for Energy Regulation seems to use the level of customer switching as the factor to determine competition in the market. Will this legislation allow greater investigation of energy sector profits and transfer of information across regulators? The energy regulator already has access to the profit margins of the companies, which it has never published. Could this be given to the competition authority?

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