Ms Karen Kavanagh:

We are currently considering price control 5, PR5, for GNI. As economic regulator we set that revenue envelope over a five-year period and we are looking at setting it from 2023 until 2027. As Ms MacEvilly said, we will consider what the various drivers of costs over that period are. The key things of course are security of supply and safety so they are core elements within that framework. Within that we seek to ensure that those costs would be efficiently incurred throughout the period and we would exercise all levers available to us to make sure that we deliver for consumers in terms of the most efficient cost but they are absolute core constituent elements of that price tag over the period.