Make energy more affordable.
Price deregulation of the electricity and gas markets occurred in Ireland between 2005 and 2014. Despite this, Irish consumers already pay more for gas and electricity than the vast majority of households across the EU.
Along with the upward international gas price trend, average wholesale electricity prices have also increased. There have been household customer price increases announced by all suppliers.
A total of 7 suppliers announced price increases in the first half of 2018.
Fianna Fáil believes that urgent action must be taken in order to ensure that a strong regulator is in place to safeguard that undue costs are not placed on consumers.
Fianna Fáil’s plan to drive down energy costs
More power to the regulator.
Empower the Commission for the Regulation of Utilities to:
– Impose financial penalties of up to 10% of a licensee’s turnover;
– Set out caps where appropriate on energy bills;
– Enforce the prohibitions on anti-competitive agreements and abusing positions of dominance as outlined in Articles 101 and 102 of the Treaty on the Functioning of the European Union.
Tell people about it.
Launch a media campaign to highlight the savings to be made for people who switch providers.