Oireachtas Joint and Select Committees

Wednesday, 16 December 2015

Joint Oireachtas Committee on Transport and Communications

Additional Uses of Natural Gas: Gas Networks Ireland

9:30 am

Mr. Liam O'Sullivan:

Correct. Our hope and expectation is that there would only be a short-term need for it because as we grow the volume of vehicles into the country, we would expect that the price differential would disappear. We need to get over the initial bump. In this respect the excise duty that was introduced in the Finance Bill last year was very positive and strongly supportive. Operators who change over to gas should be given credits and recognition for the green nature of their transport.

With regard to the policy supports and incentives that are put in place that could influence where the funding will come from and how much people are prepared to pay for it, our position to date is that if we can get to the point where everybody is of a view we will sort out the funding quickly. Our overall view is that we will be able to put the funding in place. We will have to talk to the CER and get its approval. We will also have to talk to all the relevant stakeholder Departments and get their view. Our view is that this can be done once we are all of a mind to do it. In terms of the actual cost, I will ask my colleague, Mr. Denis O'Sullivan to talk about the cost of an individual station.

Comments

No comments

Log in or join to post a public comment.