Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

Wholesale electricity prices fell sharply last month by 52%. The temporary business energy support scheme is great. It gives businesses up to €10,000 in supports where their electricity costs increase by 50% and they get 40% back. These wholesale electricity price reductions are not being passed on to the end consumer. We are facing into a very cold spell and a severe winter when people will be using more electricity. Has the Government had an opportunity to engage with the regulator to examine the constructs of the contracts with the energy providers to see whether we can pass on the reduction? There was a 52% reduction in wholesale electricity prices last month and 27% the previous month. We must see a reduction for the end consumer particularly as we face this winter period.

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