Eamon Ryan (Dublin South, Green Party)

I respect the independence of the regulator. However, I will, as I do on an ongoing basis, discuss that issue, among others, to ensure there is a common sense solution that does not cost the Irish consumer. In a variation on this subject, I understand that any such cost of a brand change would not go through to the regulated cost base. Although it would come from the company's cost base, it would not be put onto the prices. This is one variation on what I heard during Deputy McManus's contribution. However, I will continue to discuss this matter with the regulator, while recognising its independence, because a properly-regulated market also brings down prices. We have seen this work as competition now exists whereby five or six electricity companies of real scale are bidding to win consumers. Our households can switch tomorrow following a two-minute telephone call and can achieve savings in their bills of between 10% and 14%.

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