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

The Minister met with the Commission for Energy Regulation recently. Did the public service obligation, PSO, and the possible increase in October come up at the meeting? Could the Minister offer an opinion in that regard?

It is a classic case that when the cost of oil goes up it is immediately reflected in the price at the pumps but when the price of oil goes down it takes months for the retail price to reduce due to storage and other issues. I accept the explanation is complex. We are aware that when the wholesale price goes up the retail price goes up and it is time to address the issue.

On renewables and efficiencies in the sector, have the Department and the various stakeholders examined the issue in terms of future renewable energy projects?

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