We have a wide range of regulation in Ireland. The electricity, gas and telecommunications systems are regulated. Airport charges and access to the airwaves are regulated, as are the professions and public transport. Equally, we have a range of standards in regulation. I support well thought out and properly implemented regulation in areas where competition alone will not achieve optimum consumer welfare. However, these must be horizontal, transparent rules which apply equally to existing and new market entrants and not simply a mechanism to confer advantages on incumbent suppliers.