Hon Dr MEGAN WOODS (Minister of Energy and Resources) (remote): I have long signalled my view that the market is not working perfectly for everybody. I do note that if you unpack the combined 60 percent increase in profits number the member is referring to, the underlying operating profits increased by 1.8 percent. I'm concerned about the impact of recently high wholesale electricity prices flowing through to businesses and, potentially, to households in the future. Recent wholesale price increases have been attributed to constraints in the gas production system and the need to use more coal last year as hydro lake levels were unusually low. This highlights to me why we must transition our electricity system away from fossil fuels and why I am investigating an enlarged pumped hydro scheme, and similar options, to help with that objective. Last year, I spoke with the Electricity Authority about the effectiveness of competition in the wholesale electricity market. They are now investigating the wholesale market and I look forward with interest to the authority's report. Despite my ongoing concerns about the wholesale market, I am pleased with the progress the Government is making following the Electricity Price Review to promote fairer electricity prices.