Michael Moynihan (Cork North West, Fianna Fail) | Oireachtas source

I thank the Minister for his reply. I am not sure if the Minister is aware that the UK's energy regulator recently wrote to the large power suppliers in Britain seeking an explanation for the fact that fuel bills had not decreased, given the decline in wholesale gas and other energy prices. We have constantly discussed this matter here when the energy regulator grants increases to energy suppliers following an increase in wholesale market prices, but there is now a decrease in wholesale market prices. I understand that the regulator is on a statutory footing, but the Minister is ultimately responsible to the House for these issues. It is time to arrange a meeting between the Minister and the regulator to ensure that energy suppliers are called in, hauled over the coals and asked why the reduction in wholesale energy prices has not led to lower fuel bills.

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