Oireachtas Joint and Select Committees

Thursday, 17 January 2013

Public Accounts Committee

Commission for Aviation Regulation - Financial Statement 2011
Commission for Communications Regulation - Financial Statement 2011
Commission for Energy Regulation - Financial Statement 2011

1:15 pm

Mr. Dermot Nolan:

We are being judicially reviewed by one particular entity, Shannon LNG. This may be a subjective view but Shannon LNG and nobody else argued that gas tariffs would have come down. If one examines the responses we received as part of our various consultation exercises, people agreed that there was a fear that gas tariffs would increase. As I stated, that was the basis for our action. We did not want gas tariffs to rise and we believed it would be somewhat perverse if, as a result of finding a new source of gas in Ireland, gas tariffs to end consumers were to rise significantly. That is the reason we took the action we did. This decision is being judicially reviewed and the commission will respect whatever decision the court makes.

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