Oireachtas Joint and Select Committees

Tuesday, 9 May 2023

Joint Oireachtas Committee on Climate Action

Engagement with the Commission for Regulation of Utilities

Mr. Jim Gannon:

Every industry suffered that last year, because it was last year. In many industries, especially in the construction sector, there were very different inflation rates to those generally there. There were problems with supply chains that increased costs very quickly, at exceptional levels that were almost never experienced. There was certainly a short-term degree of uncertainty. However, I am not sure there was systemic uncertainty leading up to that one-year timeframe and I am not certain we will not go back to that type of relative certainty. One can never be certain, but one can be confident.

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