§ Mr. ClaphamTo ask the President of the Board of Trade if he will make a statement on the criteria agreed in 1990 which triggers compensation payments to the regional electricity companies if they have to take dearer electricity.
§ Mr. Eggar[holding answer 19 January 1993]: The operation of contracts for differences between regional electricity companies—RECs—and the generators, which hedge the RECs against increases in pool prices, is a commercial matter for the companies concerned.