HC Deb 31 March 1983 vol 40 c261W
Mr. McKelvey

asked the Secretary of State for Energy what assessment he has made of the effects of the change from historic cost accounting to current cost accounting in the energy industries on their customers.

Mr. Gray

Of the nationalised industries for which I am responsible, BGC and the electricity supply industry in England and Wales have chosen to produce their main accounts on a current cost basis. This affects the presentation of their results. It should not affect the prices they charge or the service they provide to their consumers.