§ 64. Mr. Nabarroasked the Minister of Fuel and Power the annual investment, year by year, in the electricity industry since vesting date 1st April, 1948; the average annual load factors of power stations in each year down to the year ended 31st March, 1955; and the annual investment authorised for each year forward to 1958 in respect of the electricity industry.
§ Mr. Geoffrey LloydFollowing is the answer:
1. The annual capital investment by the Central Electricity Authority and Area Electricity Boards year by year from 1st April, 1948, to 31st March, 1955, was as follows:
C.E.A. (£ million) 1948–49 … … … 95.0 1949–50 … … … 117.2 1950–51 … … … 128.6 1951–52 … … … 141.7 1952–53 … … … 153.8 1953–54 … … … 169.8 1954–55 … … … 202.9 (provisional) 2. The average annual load factors of the Central Electricity Authority stations were:
per cent. 1948–49 … … … 43.76 1949–50 … … … 44.35 1950–51 … … … 47.13 1951–52 … … … 46.87 1952–53 … … … 44.69 1953–54 … … … 43.92 1954–55 … … … 45.20 3. Capital expenditure of £197.9 million and £204.5 has been authorised for 1955–56 and 1956–57 respectively. No subsequent authorisation has as yet been given by the Government.