Dr. Paul McGowan:

Deputy Heydon is definitely straying into the area of Government policy, in which we obviously have no role. I will say, however, that a price floor or whatever will have an impact on the wholesale energy price in the market. We have always stated that our role is to ensure the cost of energy is as low as it can be - not cheap - taking account of the need for security, sustainability and so forth. It is a matter for Government policy as to how the impacts of those charges are dealt with at a societal level. I do, however, agree with the Deputy - this is one thing we have noted regarding any major change we are looking at introducing - that people must want to go on this journey with the energy retailer, the generator or whoever it is. People need to accept the gas or electricity infrastructure in their communities, they need to accept the generation technologies and they need to accept smart meters in their homes if this journey is to be a successful one.