In fact, the whole concept of an output-based pricing system is something that we support. An output-based pricing system that sets a benchmark that everyone must achieve rather than an amount that everyone has to come down is, in our view, a smart policy design. The issue for us is where the benchmark is set and what the feasibility of achieving that benchmark is and what perverse outcomes it might drive with respect to what the objectives of the policy are.
On January 30th, 2019. See this statement in context.