The Commission for Energy Regulation (CER) is being urged to act immediately after it was revealed Ireland has the highest energy prices in Europe.

Fianna Fáil Spokesperson on Energy, Michael Moynihan TD, said there has been no relief for consumers, despite wholesale gas prices in Ireland being 23% lower than last year.

He said: "Since this Government came to office, gas prices are up 36% and electricity prices are up 25%. Since 2011, the average household is paying €450 extra per year for their electricity and gas.

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"The role of the CER is to protect the interests of consumers but I have seen zero evidence of this over the past number of years.

"I have received no credible reason for energy prices in Ireland not decreasing in line with lower wholesale costs. The CER is not performing an essential role in protecting hard-pressed consumers who now face unfair water charges in January.

"The CER maintains its hands are tied and it cannot directly involve itself in overseeing the prices being charged to consumers. Fianna Fáil is calling for the mandate of the CER to be changed so it can take a more proactive role in ensuring consumers receive value for money for their energy."

(CD/JP)