Mr. Sebastian Barnes:

As the Deputy will see from the looks on our faces, we are not experts in energy economics. I suspect the answer is it has probably made some difference, but not enough because we have not gone that far down the transition path. In some markets, the price is set at the marginal production price, which is often gas, and not on the cost of production of other sorts. That is how markets work. In a situation like this, it is the price of the marginal gas production that is setting the price of electricity across the whole market, not the price of production of some of the elements that are produced inframarginally, that is, produced at a lower cost. This is an issue in many energy markets. It is a major issue in France, where most electricity production is nuclear, which is relatively cheap, but prices have still increased because the marginal electricity producer is a gas producer.