§ 85. Mr. A. Hendersonasked the Minister of Power what steps he will take to control the price of electricity, in view of the increase in electricity charges recently announced by the Midlands Electricity Board.
Mr. LeeNone. The electricity boards for which I am responsible invariably consult me before they change their tariffs. I am satisfied that they are making every effort to keep prices stable. subject to the need to cover their costs and to finance a reasonable proportion of their new investment, as required by their financial objectives which have been agreed in accordance with the terms of Cmnd. 1337 (the Financial and Economic Obligations of the Nationalised Industries).