Oireachtas Joint and Select Committees

Wednesday, 18 February 2015

Joint Oireachtas Committee on Transport and Communications

Regulation of Gas Industry: Discussion

9:30 am

Ms Aoife MacEvilly:

It is welcome that the committee will be talking to the suppliers. There are one or two suppliers. For example, Flogas does not sell electricity. Therefore, it would not have introduced an electricity price reduction. Energia was a new entrant to the market in January 2014. It is probable that 99% of its customers are on discounted tariffs rather than standard tariffs so it has a very different mix of customers. Probably the average prices for its customers are already relatively low. While we have been talking about the general price drivers, every supplier faces a different cost implication and a different range of consumers and a range of offers or tariffs that its consumers are on. They may have different decision-making processes or drivers around pricing. We certainly have been talking to the suppliers and have called on all of them to consider where and when they can to reduce prices as much as possible.

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