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

Mr. Dermot Nolan:

A good number of questions have been asked and I will aggregate some of them and pass some of consumer questions to Mr. Paul McGowan and Ms Cathy Mannion. On Deputy Griffin's question on whether the CER has ever refused a price increase, I have not been with the CER for its entire existence. I am not sure about that and I will revert to the committee. The general practice is that a company will generally put something in - the committee may not agree with this but a company will generally not put in an outrageous figure, it is generally a figure close to the cost - and we generally reduce that. I am not sure if we have ever gone to zero but, in anticipating Deputy Colreavy's question, we certainly have had price reductions in the past, admittedly not in the past two or three years but we have certainly ordained price reductions.

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