Martin Brady (Fianna Fail)

I am glad to have an opportunity to say a few words on the Bill, the purpose of which is to amend section 23 of the Gas Act 1976 to allow Bord Gáis to complete its ambitious plans. I will speak generally on the price of energy, particularly gas. Gas bills for the most recent billing period, which includes Christmas, doubled for most people in my constituency. Elderly people are now afraid to switch on their heating systems, which is a serious matter. Small businesses such as hotels and the catering industry are also affected and I am aware of a number of businesses collapsing as a result of the excessive cost of energy. While the Minister has given a commitment to take action, he must do so quickly because the increase in the cost of energy is a significant drain on many businesses.

Consumers and business people are asking why gas and electricity prices are increasing at a time of falling oil prices. This does not make sense but no one has explained the reason.

As Senator O'Reilly noted, we must consider the use of alternative sources of energy. Years ago, in many counties, notably Cavan and Monaghan, water provided the main source of energy for a large number of industries such as tanneries, factories and mills. We must seriously consider harnessing water to generate energy, perhaps by reverting to the use of mill races. Considerable research has been done in this area. We must encourage and incentivise those with know-how who are willing to develop energy sources such as wave, wind and water.

I welcome the Government's new initiative to provide grants for insulation works as it will create a significant number of jobs. Clearly, given the large number of inquiries Members are receiving about the programme, take-up will be substantial. The scheme is a good move for consumers as it will create employment and give people a lift in these recessionary times.