HC Deb 18 March 1983 vol 39 c296W
Mr. Hannam

asked the Secretary of State for Energy when he will announce a new financial target and a performance aim for the electricity supply industry in England and Wales.

Mr. Lawson

In agreement with the industry, I have set the target of a return of 1.4 per cent. on average total net assets for the period 1 April 1983 to 31 March 1985. This is fully consistent with the standstill in prices overall in 1983–84 which I announced last November. I have also agreed with the industry a performance aim to reduce its controllable unit costs in real terms by 4.25 per cent. over the financial target period.

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