Seanad debates

Wednesday, 9 April 2003

Electricity Regulation (Amendment) Bill 2003: Second Stage.

 

The Electricity Regulation (Amendment) Bill 2003 is not perfect, just as legislation introduced by the Government, with all its drafting experience and resources, is not perfect. I remember having to bring forward 193 amendments to the Stock Exchange Bill 1994 when I was Minister of State at the Department of Finance. Many Bills have come through the Oireachtas, but I have never seen a Bill that did not need to be changed by amendments introduced by the Government. The essence of this Bill is sound and I wager that the Government's electricity regulation legislation, when it is eventually brought forward, will be built on the kind of pyramid model that I have proposed. In other words, the recognised supervisory bodies will operate under the Commission for Electricity Regulation and set criteria and standards will have to be enforced on a regular basis.

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