Brendan Howlin (Wexford, Labour)
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Could I explain? The Deputy is correct that I, as Minister, will be issuing the first licence. It is my intention to preserve the margin payable to retailers at the current rate. That will be set in the licence. For the avoidance of doubt, the regulator will have the right to amend the license terms with the agreement in writing of the operator. He or she will not have the right to alter the payment schedule.