HC Deb 12 November 1976 vol 919 c300W
Mr. Higgins

asked the Secretary of State for Energy if he will give a general direction to electricity boards and the Gas Corporation to pay the full market rate of interest on security deposits.

Mr. Eadie

No. The electricity boards voluntarily increased their interest rate to 10 per cent. in April from the statutory level of 4 per cent. They will continue to keep the rate under review in line with prevailing circumstances. For gas the revision of the current rate is already under active consideration.