Oireachtas Joint and Select Committees

Wednesday, 25 February 2015

Joint Oireachtas Committee on Transport and Communications

Energy Prices: Discussion

9:30 am

Mr. Dave Kirwan:

As the Deputy stated, the regulator no longer has direct price control authority. We were the last energy suppliers to have price regulation. Up to 1 July, we were allowed, as a maximum, to have a 2% net margin, if we had had a good year. That sets the frame for the margins available in this market.

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