Simon Coveney (Cork South Central, Fine Gael)

Yesterday Bord Gáis entered the domestic electricity supply market very aggressively. I will be in order if the Ceann Comhairle gives me a chance. As a result of that we are seeing quite significant reductions in the cost of electricity for house owners, which is good. The Government, through both the Taoiseach and the Minister, has promised an energy price review that will result in reductions of up to 15% in electricity costs. We now have the crazy situation whereby the ESB through a regulated price is being prevented from competing with Bord Gáis and is losing market share at a time when two large energy companies could be competing on price to drive price down. When will we get a result from the Government's energy price review, which has been promised and may require regulation?

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