Hon Dr MEGAN WOODS (Minister of Energy and Resources): I've received regular and ongoing advice in relation to wholesale electricity prices, as well as the broader security of supply issues in relation to the dry year we are currently facing. I've also met with officials from the Electricity Authority (EA) and the Gas Industry Company and directed them to undertake work on the matter, and Transpower is now providing daily updates on its website about security of supply and electricity risk. The Ministry of Business, Innovation and Employment is also standing up an inter-agency response group to monitor the situation and provide advice. But what I would note is that this is not a new issue. We have been here before. The market is behaving as it is expected, as it did in other dry years. For example, in 2008, wholesale prices were at $475 per megawatt hour, while in 2012 they were at $310. We're currently seeing spikes in excess of $350 per megawatt hour. We are not at the stage of standing up a conservation campaign, which for New Zealanders would be quite similar to what Aucklanders experienced with water restrictions. However, I can assure that member that I am monitoring the situation very closely.