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 ColreavyMichael Colreavy (Sligo-North Leitrim, Sinn Fein) | Oireachtas source

I have three questions that my colleague, Deputy Ellis, wanted to ask but unfortunately he had to leave. When the CER is establishing an price increase, does the level of profitability of a company play any apart in that calculation? Does the CER get such information and are the delegates satisfied that they are getting accurate information in terms of company profitability? Has there been a recent case here or elsewhere where were prices were lowered by an energy regulator instead of increased? Have the delegates any figures for the projected timescale for the continuation of the supply of gas from Europe? How long do they expect that we will able to continue to get gas from Europe? Have any figures been produced to indicate that timescale?

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