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.

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