Mr. David Vickers:

The Deputy mentioned that the wholesale markets are up substantially. In summary, the gas market is up by 500% while the electricity is up accordingly - about 300%. Given that as a rule of thumb, electricity makes up about half of a consumer residential bill, that would imply that an adjustment of about 150% was needed in bills to reflect the current electricity market. If I go back year on year, Electric Ireland has increased its bill by about 100% to 120% if I go back just over a year. In answer to the question, I believe most of what has happened in the wholesale market has been adjusted for in the last set of price changes by suppliers. If there are more to come, and it is unclear, it is a direct function of what happens in the wholesale market over the next number of months.