The Minister asked about electricity markets and the emissions trading scheme (ETS) auction. He drew a parallel between them and asked why should the leaders of non-governing parties have a say on the ETS auction price, and he said they were the same. Well, there's a very clear difference: the electricity market rules set the amount of profit that buyers in that market can make. This confidential reserve price sets the limit below which prices cannot go, and it raises revenue directly for the Government. They're quite different. Perhaps the officials hadn't thought of that, and if they haven't, shame on them. I realise you've got a lot on your plate, Minister, but that is actually a pretty simple concept. 