Damien Jordan

It only stops being this...

big impact if it gets to zero.

Just to play devil's advocate, is there a reason why we can't just have the average price of electricity?

I think I might have missed it, but if wind power costs 10 and gas costs 100, is there a reason we can't just say, okay, average price for all electricity is 50?

Like right in the middle of all of the different energy sources?

Because people would think that's fair.

One criticism of moving to an average price that I saw was the belief that the cheaper would basically move to the higher price.

At the minute, basically, you go out to the market and you go, who's got the cheapest energy?

And they all rush in and go, we have, we have, we have.

And then they know that the last unit will dictate how much they get paid for that unit.

So if you say average price, those cheaper guys are more inclined to go, well, I'll just

set my price like it's gas at the start.

So that's the efficient point of the market.

But as the regulator, could you not regulate against that?

The average price.

This kind of... The most expensive sets the price.

Is this common across our peers internationally?

Okay, thank you.

One element of that gas is that we're an importer of gas.

So we're dependent on other markets, which is the issue, right?