Oireachtas Joint and Select Committees

Thursday, 17 January 2013

Public Accounts Committee

Commission for Aviation Regulation - Financial Statement 2011
Commission for Communications Regulation - Financial Statement 2011
Commission for Energy Regulation - Financial Statement 2011

11:35 am

Mr. Dermot Nolan:

I will try to explain. We consult on all of our decisions. We consulted on that decision in late July for an early October period. I am sorry if I cannot remember precisely, but we allowed a four to six-week consultation period for people's comments. In our executive summary, our press release and the paper itself, we stated that the figure was a consultative one and could change if wholesale gas prices changed significantly in the subsequent four to six weeks.