Mr. Mark Foley:

There was a lot in that. To the Chairman's excellent observation, 52% of all of Ireland's electricity came from renewables in December. That is an amazing achievement. Gas is essential to see us through the transition and there is nothing heretical about saying that. What Ireland needs is reliable back-up gas to see us on that journey.

Second, it is a matter of record that the capacity remuneration mechanism overseen by the single electricity market committee, SEMC, has failed to deliver gas generation capacity to backstop the system. That is known. The most recent and frightening manifestation of that occurred in the autumn just passed, where the most recent auction had the very exciting high-level number of 3.3 GW for which developers were qualified to bid. Most of them made a decision not to bid, which is the ultimate statement of the market saying it has no confidence in that market mechanism. We continue to have a problem with having reliable gas generated on the system. From our perspective, the projects are out there, but the market is not framed appropriately-----