Seanad debates
Wednesday, 18 December 2013
Water Services (No. 2) Bill 2013: Report Stage (Resumed) and Final Stage
1:10 pm
Fergus O'Dowd (Louth, Fine Gael) | Oireachtas source
I do not know if it is a fair analogy but one must look at the way the regulator makes decisions on electricity. The regulator consults but has the power to make the final decision. The Government does not set the charge for electricity, telecoms or all sorts of other sectors. It appoints a regulator to take on board all the views. Members of the Oireachtas will have a discussion on all these issues before the final decision is made. The Bill is giving the power to the regulator to make that decision but the regulator will have to consult properly. The Government cannot fix annual gas or electricity rates.
It has to be a decision made in light of all existing costs and the commercial nature of the company. The purpose of the charges is to ensure the company is resourced.
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