§ The Minister of State, Department of Energy (Dr. J. Dickson Mabon)
In calculating its published figures for generation costs in respect of stations commissioned in the previous 12 years, the CEGB includes the price paid for uranium. This information is, however, a matter of commercial confidence between the Board and its suppliers.
§ Dr. Mabon
Yes, Sir. The price of the uranium currently being used by the Central Electricity Generating Board is much lower than the present world market price because it was purchased under contracts made some time ago. We have had discussions with various Governments about future contracts, and these are 996 developing much more favourably than appeared to be the case before.