Dr. Paul McGowan:

It is not about cost minimisation but rather about delivering the transition at the lowest possible cost. There is an important distinction. We do not take steps just because they are cheap but instead seek solutions. We do so on behalf of the consumer because, ultimately, consumers pay all the costs, and we seek the lowest cost pathway in that regard.

We also recognise the role of communities and of microgeneration tariffs. While they will add cost, we recognise they are part of the broader transition, that is, the idea that everyone has to be on board with the transition, although costs are associated with that. It is not that we refuse to allow costs. We recognise we need to be more agile and to think differently. Part of that concerns what the mix will look like and what is the lowest cost at which we can deliver it.