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

1:15 pm

Mr. Dermot Nolan:

That led to a conclusion whereby we changed somewhat the structure of gas tariffs. A court case in this matter is due to be heard in the High Court at the end of February. Shannon LNG is taking a judicial review against the Commission for Energy Regulation, which limits what I will say on the matter. I will say, however, that we took such actions because if we had not done so, the price of gas to end consumers would have risen significantly in future years and this would have had a knock-on effect on electricity prices. That is the reason we took that action.