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Electricity Market Reform

Whatever other concerns the Secretary of State might try to refute in relation to the carbon floor price, he cannot dispute the fact that if levied in Northern Ireland, it would have a hugely distorting impact on the single electricity market—which is based in statute north and south in Ireland, with its own regulatory framework—and remove the very certainty and clarity for investors, the need for which he has said his reforms are addressing. Does he recognise not only that the carbon floor price will harm consumers and industry in Ireland, but that distorting the single electricity market at this stage would damage the prospect of this island harnessing offshore energy from Ireland in the future?