Mr. Mark Foley:

If one considers the direction of travel, there was the single electricity market and there is now the integrated single electricity market. Between generators being rewarded for trading their electricity, ancillary services or capacity payments, the overall pot and cost of running the market is going down rather than up. It is becoming more competitive and there are more renewables. The marginal cost is zero due to the absence of fuel costs and that is driving the cost down. It might be moving into slightly different buckets but the price of running the market is going down overall.

The Deputy made one other comment about the UK and what is happening with the interconnector between east and west. I invite Mr. McCormick to comment on that.