§ Mr. Brandon-Bravoasked the Secretary of State for Energy if he will make a statement about the financial objectives of the electricity supply industry.
§ Mr. Peter WalkerIn agreement with the Electricity Council, I have set a new financial target for the electricity supply industry in England and Wales which will involve an average return on net assets over the three years 1985–86 to 1987–88 of 2.75 per cent. I have also set the electricity supply industry a performance aim of reducing controllable unit costs by the end of 1987–88 by 6.1 per cent. as compared with 1983–84.