Electricity Boards (Current Cost Accounting)

HC Deb 30 March 1981 vol 2 cc14-5W

Mr. Dudley Smith

asked the Secretary of State for Energy whether, in view of the need to curb inflation in the nationalised sector, he will consider directing electricity boards to proceed with historic cost accounting rather than current cost accounting.

Mr. Norman Lamont

No. The introduction of current cost accounting has not itself affected the level of electricity prices.