Ms Dawn Holland:

Looking the futures markets, fossil fuel prices are expected to come down over the near term. That said, they have stayed higher for longer than expected. With some of the most recent sanction announcements, etc., they are likely to remain high in the near term. That is probably longer than we had expected before. With this in mind and moving towards the climate policies, which as the Deputy has said will put a sort of floor on the carbon price, it is very difficult to forecast what will happen in energy markets. As a result, betting on the outcome is the wrong approach, but having them stay higher than we anticipated three years ago is probably plausible.