'It is entirely inadequate' - Energy credits should be scrapped in favour of price controls, TD Paul Murphy has said.
The Government should cap the cost of energy, rather than hand out new electricity credits.
"The electricity companies are free to pocket this €200, or a large portion of this €200, by simply keeping prices artificially high. "So they're legally not allowed to say 'We're making these huge profits over here, we're going to keep our prices low'."The Government has the power to say: the maximum unit price of electricity you can charge is 25c.Deputy Murphy said the system has to change going forward.
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