Dr. Niall Farrell:

What has been on everybody's mind over the past while was how to get through the winter, and how we made sure everybody had enough income to afford to heat their homes, etc. We are over the hump of the initial price shock and are now at the stage of settling into an equilibrium. If the political situation stays the way it is, we hope we will settle down into some sort of equilibrium. We are now in an equilibrium where the cost of fuel is higher than it was when we had cheap Russian gas. We now have a situation where much of our gas is the more expensive liquefied natural gas, LNG. We will settle somewhere there. We now have to start thinking about how we get through the medium term over the next four years or so, where we will still be trying to roll out renewables, which might be the lower cost alternative, but we have a production restraint in getting there. When that becomes more visible, perhaps it will be more salient for householders that they have to start thinking more about their long-term strategy.