Oireachtas Joint and Select Committees
Tuesday, 20 September 2022
Joint Oireachtas Committee on Climate Action
Engagement with the Commission for Regulation of Utilities
Dr. Paul McGowan:
I know very little about it because we do not deal directly with these customers because we have statutory function. However, the price of gas on the international market is nearly ten times what it was a few years ago. The input costs of the company that takes the gas, burns it and produces heat have gone way up. I surmise that they are passing that charge onto their heat customers. It is possible that some of these customers of these heat companies have seen huge increases in their gas costs, given the level of gas prices on the international markets.