Mr. John Melvin:

I am not familiar with the Stages of legislation but we understand the heads of the Bill will be visible in February with a view to having the legislation in place in March. We are engaging with the Department and industry on progressing that. The idea is that the inframarginal rent cap will take effect for the period in question. The figures in circulation are €180 for certain coal- and oil-fired plants, €120 for renewables and €180 for other non-specified units. The amount recovered will depend on the market prices in the various periods. From December, the average market price was around €270 per megawatt hour. It has been €160 per megawatt hour, which was the case in January. That is lower than the higher number. It depends on outturns over the rest of the period, with the collection of the moneys over quarter 2 and the distribution of moneys being a matter for the Government.