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Snippet Contents:

I start by congratulating the Minister on his appointment as I have not yet formally done so. The Labour Party welcomes the Bill, which was introduced by the Minister's predecessor in the Seanad during the lifetime of the last mandate. We welcome the power to apply administrative sanctions which it is proposed to give the CER so as to reflect changes in the sector since it was set up in 1999. We acknowledge the 2013 Forfás report on sectoral regulation and recommendations on regulatory sanctions. We also acknowledge the International Energy Agency review, specifically regarding ensuring the enhancement of the powers of the CER so as to deliver ultimately in the public interest and in the interests of consumers. We have no issue with the name change from the Commission for Energy Regulation to the Commission for Regulation of Utilities.