Oireachtas Joint and Select Committees
Wednesday, 23 March 2022
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
Fuel Costs: Competition and Consumer Protection Commission
Mr. Jeremy Godfrey:
It is legal for companies to make their own pricing decisions as long as they do not collude. In regulated markets, and there are parts of the energy market where there are some regulations, there are parts of the telecoms market where there are regulations particularly about wholesale pricing, so there are constraints in some markets on pricing but in general, businesses are free to set prices at whatever level they choose as long as they do not collude and as long as they are transparent about the prices so that their customers are able to make an informed choice about who to do business with. That is the law as it stands and that is the law that we enforce.