Oireachtas Joint and Select Committees

Wednesday, 23 March 2022

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Fuel Costs: Competition and Consumer Protection Commission

Photo of Louise O'ReillyLouise O'Reilly (Dublin Fingal, Sinn Fein) | Oireachtas source

I fully appreciate the unintended consequences and Mr. Godfrey is preaching to the choir on that. However, if it is a case that the law needs to be strengthened then I would hope that there would be an open door to that because that is absolutely something that we should do. The scale of the public outcry about what has happened underlines for us that when the commission concludes its investigations, and maybe it could broaden them, there might be a case for strengthening the law. That is a matter we should keep in mind, Chairperson, for future committee hearings.

Does the commission investigate whether prices for energy and fuel have risen further and more suddenly than external circumstances can justify? We are all aware of the situation in which we are operating and we all understand that but would that be the starting point for an investigation? Does the commission look at the external factors and say they should have caused an X percentage increase but the percentage was more than that and the increase cannot be justified? Is that the kind of scale used by the commission?

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