§ Mr. HarveyTo ask the President of the Board of Trade if he will take steps to ensure that businesses consuming less than 100 Kw of electricity per annum enjoy similar refunds to those which have been negotiated for domestic consumers of electricity. [39965]
§ Mr. EggarThe regional electricity companies have agreed that, subject to the listing of the National Grid becoming effective, each of their domestic customers will received a discount of £50, inclusive of VAT.
Electricity prices have fallen by an average of 6.5 per cent. in real terms since vesting to commercial and industrial customers. All customers will benefit from the further reductions in the pipeline thanks to the new 834W distribution price control, the reduction of the fossil fuel levy when the nuclear industry is privatised and lower generation and supply costs.