§ Mr. Ingram
To ask the Chancellor of the Exchequer what was the annual total cost of each of the regulators of the privatised utilities. 41W
§ Sir George Young
The provision for 1994–95 and 1995–96 for the offices of the privatised utilities are as follows:
£ thousands 1994–95 1995–96 Office of Telecommunications 9,358 9,464 Office of Gas Supply 4,524 5,352 Office of Electricity Regulation 10,871 10,567 Office of Water Services 9,544 8,146
Supply Estimates 1995–96, HM Treasury, March 1995.
The cost of funding the offices of the regulators is fully recovered by licence fees paid by the regulated companies. Income from fees is surrendered to the consolidated fund. There is no net cost to the taxpayer.