§ The Parliamentary Under-Secretary of State, Department of Trade and Industry (Lord Sainsbury of Turville)My right honourable friend the Secretary of State for Trade and Industry (Ms Hewitt) has made the following Written Ministerial Statement.
Subject to parliamentary approval of any necessary supplementary estimate, the Office of Gas and Electricity Markets DEL will be decreased by £799,000 from £1,531,000 to £732,000 and the administration costs limits will remain unchanged at £1,398,000. Within the DEL change, the impact on resources and capital are as set out in the following table:
New DEL Change Voted Non-voted Total Resource 1,000 682,000 — 682,000 Capital — 50,000 — 50,000 800,000 Depreciation1 — — — — 1,300,000 1,300,000 Total — — — 568,000 799,000 568,000 1Depreciation, which forms part of resource DEL, is excluded from the total DEL since capital DEL includes capital spending and to include depreciation of those assets would lead to double counting.
The change in the resource element of the DEL arises from additional programme costs of £1,201,000 in respect of higher than expected costs of energywatch. There is no change in the administration cost due to a compensating increase in appropriations in aid of £1,200.000.
The change in the capital element of the DEL arises from higher than expected receipts from the sale of capital assets.