Oireachtas Joint and Select Committees

Wednesday, 11 December 2013

Committee on Transport and Communications: Select Sub-Committee on Transport, Tourism and Sport

Rationale for Sanctioning Energy Price Increases: Discussion with Commission for Energy Regulation

2:40 pm

Photo of Michael MoynihanMichael Moynihan (Cork North West, Fianna Fail) | Oireachtas source

The commission is there to protect consumers’ interests. Some of the half-year accounts for some energy suppliers show large profits. Is the commission taking everything into account when one of these energy suppliers requests a price increase? The commission claims it is setting a price based completely on the cost of the gas and the network with a marginal profit for the suppliers involved. How can they earn billion euro profits in a full year then?

There are significant charges for those who were disconnected from the network to be reconnected. Even those making small alterations to their houses or changing meters are being landed with €3,000 bills. Will the commission explain the reasons for this?

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