Mr. Robin McCormick:

It is because we have a market for electricity at a wholesale level. Behind that there will be bilateral trades between supply companies and generators. They are part and parcel of how the industry has moved forward. In a sense there are power-purchasing agreements not in the old traditional sense of a power-purchasing agreement and no market.

We have a very active market that is proving to be successful in that it gives better opportunities for interconnector trades and much greater opportunities for all those who generate electricity to trade in different timeframes, from a day ahead right through to real time.