Seán Power (Kildare South, Fianna Fail)

It was the wish of all Members that competition be introduced to the market. To achieve this, it was necessary to make some changes with regard to the ESB, which had a monopoly for longer than people would have desired. To make the market attractive to new entrants, it was essential to provide certain guarantees for them such that it would be viable for them to enter the market. It was essential to regulate prices but I admit it causes certain difficulties for the ESB. However, these difficulties are very much in the short term. They will obtain until the market develops and competition becomes stronger, at which time regulation will no longer be required and all companies will be on a level playing field.

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