Mr. Dermot Nolan:

No, that was this year. The network element came because we finished a fairly significant five-year review. The volumes of gas had fallen, driving up average cost. That is regrettable but it is the nature of the way regulation is done. We need a gas network that has enough capacity to keep people warm in winter and, given that so much of our electricity is dependent on gas, to keep the lights on. We need a gas network. Two or three years ago, when we had viciously cold winters, we needed every bit of capacity on the network. It must be paid for and we do everything we can to ensure the process is as efficient as possible.

Two factors drove this issue this year. One was volumes and the other more deleterious factor was an increase in the cost of capital, or borrowing costs for Bord Gáis. This was not good but came as a result of the financial crisis. The borrowing costs to run the network efficiently rose and we had to ensure it could meet that.