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

12:15 pm

Mr. Dermot Nolan:

My salary is linked at the deputy secretary level to general Civil Service grades. What the Government does about that is entirely up to the Government. Speaking purely personally, I certainly see a case for action. That is a personal view. As to the idea of value for money at present we are working on projects for that and will have more to report on that in the future, but I can give again my word that we have done everything we can to keep the price as low as is possibly consistent with security of supply, with making sure the lights stay on in five years, in ten years, making sure the gas keeps flowing. We are keeping the prices as low as we possibly can. Obviously we regret the significant price rises of the last few years. This has happened in GB and it has happened in most European countries. We are desperately hoping that gas prices will fall. There is some possibility for this, but I would not necessarily bet.