Alan Dillon (Mayo, Fine Gael)

In the context of what we are discussing, the reality is that Ireland operates in a liberalised EU energy market where prices are set commercially, not by governments. That said, we are not passive observers in this regard. The CRU has statutory powers to oversee suppliers' conduct. We have recently strengthened its protections for consumers this winter. On profits, I accept that energy companies have posted strong returns recently but it is worth noting that ESB profits are being reinvested into infrastructure and renewables. We need to ensure that we continue to invest in our grid and that we have security of supply. The Minister, Deputy O'Brien, has written to many of the suppliers directly and has scheduled meetings to push for stronger supports for many householders feeling the burden of increased prices.

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