HC Deb 06 April 1965 vol 710 c222
9. Mr. Evelyn King

asked the Minister of Power what gross profit was earned by the Southern Electricity Board in the year ended 31st March, 1964; and what is the estimated additional revenue likely to be obtained by recently announced increased charges to consumers.

Mr. Frederick Lee

The board's accounts published for the year ended 31st March, 1964, showed a trading surplus of just over £8 million (after depreciation but before interest). On the second part of the Question, I am asking the chairman to write to the hon. Member.

Mr. King

Is it not clear that the figures which the Minister has given for these additional charges imposed on my hard-hit constituents—and they will be harder hit before the afternoon is out —are quite unnecessary?

Mr. Lee

The Board considered that a price increase was needed to meet increases in costs, bulk supply tariffs, wages, and so on.