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Committee on Transport and Communications: Select Sub-Committee on Transport, Tourism and Sport: Rationale for Sanctioning Energy Price Increases: Discussion with Commission for Energy Regulation (11 Dec 2013)

Michael Colreavy: I apologise; I understand.

Committee on Transport and Communications: Select Sub-Committee on Transport, Tourism and Sport: Rationale for Sanctioning Energy Price Increases: Discussion with Commission for Energy Regulation (11 Dec 2013)

Michael Colreavy: I contacted the office.

Committee on Transport and Communications: Select Sub-Committee on Transport, Tourism and Sport: Rationale for Sanctioning Energy Price Increases: Discussion with Commission for Energy Regulation (11 Dec 2013)

Michael Colreavy: I understand the risk. My concern is because the security deposit is added to the indebtedness of the company it effectively means customers cannot switch until a security deposit is paid.

Committee on Transport and Communications: Select Sub-Committee on Transport, Tourism and Sport: Rationale for Sanctioning Energy Price Increases: Discussion with Commission for Energy Regulation (11 Dec 2013)

Michael Colreavy: I thought the person involved sent it in at the time. I will follow up on it. What are the witnesses views on shale gas?

Committee on Transport and Communications: Select Sub-Committee on Transport, Tourism and Sport: Rationale for Sanctioning Energy Price Increases: Discussion with Commission for Energy Regulation (11 Dec 2013)

Michael Colreavy: That is what I would have thought.

Committee on Transport and Communications: Select Sub-Committee on Transport, Tourism and Sport: Rationale for Sanctioning Energy Price Increases: Discussion with Commission for Energy Regulation (11 Dec 2013)

Michael Colreavy: I have three questions that my colleague, Deputy Ellis, wanted to ask but unfortunately he had to leave. When the CER is establishing an price increase, does the level of profitability of a company play any apart in that calculation? Does the CER get such information and are the delegates satisfied that they are getting accurate information in terms of company profitability? Has there been...

Committee on Transport and Communications: Select Sub-Committee on Transport, Tourism and Sport: Rationale for Sanctioning Energy Price Increases: Discussion with Commission for Energy Regulation (11 Dec 2013)

Michael Colreavy: Do the witnesses have details of the profits of the companies when they assess increases?

Committee on Transport and Communications: Select Sub-Committee on Transport, Tourism and Sport: Rationale for Sanctioning Energy Price Increases: Discussion with Commission for Energy Regulation (11 Dec 2013)

Michael Colreavy: The second question is on the projected lifetime of gas supplies from Europe.

Joint Oireachtas Committee on Transport and Communications: Rationale for Sanctioning Energy Price Increases: Discussion with Commission for Energy Regulation (11 Dec 2013)

Michael Colreavy: Do the witnesses have details of the profits of the companies when they assess increases?

Joint Oireachtas Committee on Transport and Communications: Rationale for Sanctioning Energy Price Increases: Discussion with Commission for Energy Regulation (11 Dec 2013)

Michael Colreavy: The second question is on the projected lifetime of gas supplies from Europe.

Joint Oireachtas Committee on Transport and Communications: Rationale for Sanctioning Energy Price Increases: Discussion with Commission for Energy Regulation (11 Dec 2013)

Michael Colreavy: I have three questions that my colleague, Deputy Ellis, wanted to ask but unfortunately he had to leave. When the CER is establishing an price increase, does the level of profitability of a company play any apart in that calculation? Does the CER get such information and are the delegates satisfied that they are getting accurate information in terms of company profitability? Has there been...

Joint Oireachtas Committee on Transport and Communications: Rationale for Sanctioning Energy Price Increases: Discussion with Commission for Energy Regulation (11 Dec 2013)

Michael Colreavy: I understand this. Airlines set a price for fuel for a number of years. Do energy companies do this?

Joint Oireachtas Committee on Transport and Communications: Rationale for Sanctioning Energy Price Increases: Discussion with Commission for Energy Regulation (11 Dec 2013)

Michael Colreavy: The CER does not have an input-----

Joint Oireachtas Committee on Transport and Communications: Rationale for Sanctioning Energy Price Increases: Discussion with Commission for Energy Regulation (11 Dec 2013)

Michael Colreavy: Is this with regard to the security deposit I mentioned?

Joint Oireachtas Committee on Transport and Communications: Rationale for Sanctioning Energy Price Increases: Discussion with Commission for Energy Regulation (11 Dec 2013)

Michael Colreavy: I apologise; I understand.

Joint Oireachtas Committee on Transport and Communications: Rationale for Sanctioning Energy Price Increases: Discussion with Commission for Energy Regulation (11 Dec 2013)

Michael Colreavy: I contacted the office.

Joint Oireachtas Committee on Transport and Communications: Rationale for Sanctioning Energy Price Increases: Discussion with Commission for Energy Regulation (11 Dec 2013)

Michael Colreavy: I understand the risk. My concern is because the security deposit is added to the indebtedness of the company it effectively means customers cannot switch until a security deposit is paid.

Joint Oireachtas Committee on Transport and Communications: Rationale for Sanctioning Energy Price Increases: Discussion with Commission for Energy Regulation (11 Dec 2013)

Michael Colreavy: I thought the person involved sent it in at the time. I will follow up on it. What are the witnesses views on shale gas?

Joint Oireachtas Committee on Transport and Communications: Rationale for Sanctioning Energy Price Increases: Discussion with Commission for Energy Regulation (11 Dec 2013)

Michael Colreavy: That is what I would have thought.

Joint Oireachtas Committee on Transport and Communications: Rationale for Sanctioning Energy Price Increases: Discussion with Commission for Energy Regulation (11 Dec 2013)

Michael Colreavy: Cuirim fáilte mór roimh an CER and thank its representatives for coming before the committee today. I have six questions. I preface my remarks by saying that sometimes we put questions to witnesses when we should be putting them to ourselves, because we are the people who decide on legislation and determine policy. The Gas Regulation Bill 2013 passing through the Houses allows...

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