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
11:45 am
Mr. Dermot Nolan:
Yes, if volumes fall. The issue is analogous to the example of the airlines earlier. If volumes fall, the average cost per user will rise. Volumes have fallen, both with electricity and gas over the past two to three years. Energy volumes are typically closely linked to gross national product. We hope for all kinds of reasons that there will be a recovery over the next two years and if that plays out, volumes should rise again.