Mr. Tadhg Daly:

Under the terms of reference, No. 1 was to ensure the adequacy of capacity, continue to ensure value for money, and, returning to Deputy MacSharry's point, increasing the transparency of the pricing mechanism in order that existing and potential investors can make the most informed decisions possible. The fact that is provided for in the terms of reference is an acknowledgement that there is a lack of transparency in the current model. The other two terms we would highlight are No. 6, which highlights that particular consideration should be given to an independent appeals mechanism, which is currently absent, and No. 7, which referred to the appropriateness or otherwise of a system where it can be proofed against inflation in relevant areas of cost for a number of years.