HC Deb 26 March 1974 vol 871 c301

Electricity prices have given us the most difficult decision. Here, too, it is right that prices should reflect the realities of the energy situation. On the other hand, if we had imposed the full increases proposed for domestic and other consumers on quarterly accounts, including pre-payment meters, this would have meant a 50 per cent. price increase. We are therefore asking the industry to restrict these increases to the amount required broadly to cover its higher fuel costs alone. Even this will mean price increases to domestic consumers averaging about 30 per cent. on bills reaching most of them from the beginning of August.

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