Mr. Nicholas Tarrant:

We set out a strategy to look to invest over multiple price reviews. We are heading into price review 6, which runs until 2030, and then there will be price review 7 and price review 8. The idea of setting an ambition of investing and having the electricity network as ready as we can in 2040 is to enable Ireland to hit the 2050 targets no later than 2050. It is very ambitious to set out an investment programme over the next 15 years. The approval for the investment programme for the next five years is crucial for that in the first instance, because we are scaling up in many different ways across our business, not only our own internal resourcing but also the external resourcing that we rely on to build these key infrastructure projects. We have an overall programme that has been submitted to the Commission for Regulation of Utilities, CRU, for €13.4 billion. Of that, €5.9 billion is for transmission. There is a substantial distribution investment required to grow the capacity needed in the network. We can see sustained need for investment over the years ahead to continue the progress towards 2040 targets and 2050 targets.