Oireachtas Joint and Select Committees

Wednesday, 10 November 2021

Committee on Budgetary Oversight

Inflation: Discussion

Dr. Ella Kavanagh:

To make a general point, the whole issue with energy prices is that they have been so volatile. They go up and down and there is great volatility in the market. As the Deputy just mentioned, we see the impact that this has on people's lives and their disposable income. Any attempt to reduce that impact, the importance of fossil fuels and those sorts of energy would be fantastic and would, hopefully, help to reduce some of the volatility we have observed over the years. Maybe an opportunity to try to reduce our dependence on fossil fuels would help to reduce the impact they currently have on all our lives.