Results 9,841-9,860 of 31,374 for speaker:Eamon Ryan
- Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary) (6 Jul 2022) Eamon Ryan: Now we are into semantics. Does not being opposed in principle mean being in favour of it providing public finance funding for a range of activities? Would Sinn Féin stop the implementation of the carbon tax?
- Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary) (6 Jul 2022) Eamon Ryan: I disagree. Given that there is an underspend, it is perfectly appropriate to use it on what we need to do to help to keep the lights on. That is perfectly valid and correct. As part of our decarbonisation strategy, that is the right thing to do.
- Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary) (6 Jul 2022) Eamon Ryan: There is that potential if it does not meet its service level agreements but NBI is delivering. We are seeing increased pick-up in demand. There is real consumer interest. It has been delayed, as everyone knows. There was a problem getting contractors into the country with Covid and initial difficulties on the planning side with local authorities. In relation to getting the ability to...
- Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary) (6 Jul 2022) Eamon Ryan: Yes. It needs to be back on track and then accelerate further.
- Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary) (6 Jul 2022) Eamon Ryan: We cannot rule that out.
- Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary) (6 Jul 2022) Eamon Ryan: Their prices are typically set by wholesale market prices in Ireland. It is the single electricity market. That is set by the price of gas because gas counts for-----
- Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary) (6 Jul 2022) Eamon Ryan: It is a UK price that typically they purchase off the spot market. Some businesses might enter into separate forward contracts with a particular-----
- Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary) (6 Jul 2022) Eamon Ryan: Typically, the price of gas sets the price of electricity.
- Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary) (6 Jul 2022) Eamon Ryan: It is a competitive market. If a supplier is able to source cheaper electricity through its supply agreements or contract arrangements, there is nothing to stop it getting a competitive advantage and larger market share. The truth is that the vast majority-----
- Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary) (6 Jul 2022) Eamon Ryan: It would be, yes. The company would look at its overall mix. It would have greater security and certainty in respect of the price of renewables because-----
- Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary) (6 Jul 2022) Eamon Ryan: It varies, depending on how the company might have hedged against the price of gas and its strategy in terms of from where it gets its fuel mix. It is not fixed. There is no single rate and timeline in terms of how prices are reviewed.
- Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary) (6 Jul 2022) Eamon Ryan: If the Chairman forwards that regulation to me, I will consider the issue further.
- Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary) (6 Jul 2022) Eamon Ryan: Next week.
- Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary) (6 Jul 2022) Eamon Ryan: I hope it was not rude of me to look at my phone but I wanted to check the current prices. The price of fuel is exceptionally volatile. This is an unprecedented time. Two years ago, the price of gas was approximately 40 cent or 50 cent a therm. It was at that level for 20 years or for as long as I can remember. It varied slightly. Yesterday, the price was more than 400 cent a therm....
- Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary) (6 Jul 2022) Eamon Ryan: It was a forward price.
- Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary) (6 Jul 2022) Eamon Ryan: That is truly frightening because it is a massive increase on what has historically been the price.
- Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary) (6 Jul 2022) Eamon Ryan: It does.
- Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary) (6 Jul 2022) Eamon Ryan: If I may finish my point, that very high price of gas related to particular circumstances, including a Texas liquified natural gas, LNG, plant being under repair and unable to ship, as well as a threatened gas strike in Norway. That sent the price really high. The price will probably come back down. We are assessing this daily, particularly in terms of the forward market. Brent crude oil...
- Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary) (6 Jul 2022) Eamon Ryan: We do not know. It seems unlikely that the situation will change in the immediate future.
- Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2022
Vote 29 - Environment, Climate and Communications (Supplementary) (6 Jul 2022) Eamon Ryan: It is unlikely in the next six months, at least. The situation in respect of oil is not as precarious for Europe because Russian exports account for 3 million of 100 million barrels a day in terms of the global market for oil. Oil is a more fungible market product and there are alternative routes for it to get into the market. It is difficult to be precise but, in a European context, gas...