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Committee on Budgetary Oversight: Economic Quarterly Report - Summer 2020: Economic and Social Research Institute (6 Jul 2022)

Kieran O'Donnell: Food and energy inflation are very high in Ireland. Why are we not as high as the eurozone? Is there a reason for that? The report makes reference to the fact that-----

Committee on Budgetary Oversight: Economic Quarterly Report - Summer 2020: Economic and Social Research Institute (6 Jul 2022)

Kieran O'Donnell: Okay.

Committee on Budgetary Oversight: Economic Quarterly Report - Summer 2020: Economic and Social Research Institute (6 Jul 2022)

Kieran O'Donnell: Why?

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary)
(6 Jul 2022)

Kieran O'Donnell: This is about €30 million going from the broadband budget into emergency electricity generation. NBI went from 130,000 expected to 102,000 at the end of January. Now it says it is the end of the year. We had NBI before us recently. Does the Minister anticipate NBI will be levied with fines at the end of this year?

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary)
(6 Jul 2022)

Kieran O'Donnell: Okay. The price of crude oil has decreased recently. Where does the Minister anticipate fuel prices going in the next six months or one year? I refer to petrol, diesel and heating oils such as kerosene. Is he proposing that an additional €200 once-off credit will be applied to electricity bills to help people deal with the impact of increasing prices?

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary)
(6 Jul 2022)

Kieran O'Donnell: It was a hedging price.

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary)
(6 Jul 2022)

Kieran O'Donnell: A forward price, yes.

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary)
(6 Jul 2022)

Kieran O'Donnell: That price relates to the coming winter.

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary)
(6 Jul 2022)

Kieran O'Donnell: In that light, can households expect an additional €200 credit from the Minister in terms of-----

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary)
(6 Jul 2022)

Kieran O'Donnell: For how long will prices remain high?

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary)
(6 Jul 2022)

Kieran O'Donnell: It is unlikely that it will change in the next two years.

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary)
(6 Jul 2022)

Kieran O'Donnell: The Minister is not ruling out a €200 credit.

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary)
(6 Jul 2022)

Kieran O'Donnell: I wish to take the opportunity to raise an issue relating to transport. The 20% reduction in public transport fares has been a great success. My understanding from the National Transport Authority, NTA, is that there has been an uplift of approximately 15% in Limerick compared with figures pre-Covid. It has been a resounding success. There have been unintended consequences, however. The...

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary)
(6 Jul 2022)

Kieran O'Donnell: No, Dublin Coach. It is a private operator. It is discontinuing the routes as a result of the 20% public transport fare reduction. They are not public service obligation, PSO, routes. I very much welcome that 50% reduction for students that will come on stream across all operators, public and private, in August. Will the Minister consider extending the 20% fare reduction to private...

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary)
(6 Jul 2022)

Kieran O'Donnell: In Limerick, it has been-----

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary)
(6 Jul 2022)

Kieran O'Donnell: From my interaction with the NTA, I understand that it is has been very successful.

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary)
(6 Jul 2022)

Kieran O'Donnell: There are unintended consequences, however.

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary)
(6 Jul 2022)

Kieran O'Donnell: I have spoken to the CEO of Dublin Coach. It is very simple. It is not competitive on the route. There were Covid supports up until the end of June but now it just cannot compete. I know the historical background to that route. It was created by a previous private operator over many years. That operator was servicing that route when no one else was. I ask that, at a minimum, the...

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary)
(6 Jul 2022)

Kieran O'Donnell: Will the Minister look at the question of extending the 20% reduction to all operators or even to some specific routes?

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary)
(6 Jul 2022)

Kieran O'Donnell: The NTA would have to come up with a proposal.

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