Seanad debates

Tuesday, 29 June 2010

Electricity Regulation (Amendment) (Carbon Revenue Levy) Bill 2010: Committee Stage (Resumed) and Remaining Stages

 

3:00 am

Photo of Joe O'ReillyJoe O'Reilly (Fine Gael)

Without repeating the argument, I want to use Senator Walsh's last phrase, belling the cat. Perhaps the Minister can give us an assurance that, without accepting the amendment, he will examine the question and see if there is a method of creating fairness. I take his point on market forces but this is outside the control of the company. The potential for it to happen existed but there is potential for many things to happen. It is unfair to Endesa and we must try to create a competitive environment. Ultimately, this would be good for consumers. Will the Minister assure the House that he will examine this matter and see if there is another way to bell the cat? If so, I am happy to withdraw the amendment in the interests of achieving the objective of the amendment, which is job creation, competitiveness and a successful economy. That is the thrust of our approach to the Bill and to all legislation before the House.

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