richard lancaster from richard lancaster joins us in the studio. great to see you.f lower fueling and coal prices was at the plate here even as we saw hong kong's recovery slower than we expected. do you see that being able to be sustained? >> what we saw was huge shocks in the energy markets over the past few years. we have the covid pandemic and that was followed by the russian invasion of ukraine, which saw steep increases in wholesale prices. we have not had a normal market for some time now. it is early days yet, but what we are seeing this year are signs of economic recovery, growth in electricity demand in china has been steady at 5% per annum. in hong kong, very hot weather, just under 4% increase in electricity demand. the broad demand for electricity is growing. as we decarbonize the supply, we will see steady demand for electricity over other energy sources. this is the challenge we will face is how to decarbonize as quickly as we can, how to support that growth in electricity demand. haidi: what about the outlook for coal and gas prices? geopolitical con