Oireachtas Joint and Select Committees
Thursday, 26 March 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Mr. Ed Mulhall:
The price does not go up, it is fixed at the moment. Many years ago we had a kind of an auction basis system where when the breaks got full if someone was willing to pay a higher price, there was a churn. That does not happen at the moment. What we have at the moment is a fixed price. We try to forecast months in advance what the demand and supply are likely to be and we fix the price.
No comments