Customers to receive up to £50 back on electricity bills

Title

Customers to receive up to £50 back on electricity bills

Genre

Interview

TX Date

29 Sep 1995

Year of production

1995

Play audio

To listen to the audio files, please log in.

Duration

00:00:20

Description

Electricity consumers in England and Wales will get rebates of up to fifty pounds on their bills because of the planned flotation of the National Grid. The rebates will be paid by the 12 regional electricity companies in England and Wales to an estimated 22 million consumers, at a total cost of more than 1.2 billion pounds. Labour claims customers are being short-changed, because the electricity industry was sold off to private companies for far less than its true worth. City analyst Nigel Hawkins explains how it will work. Interviewer not heard.

Contributors

Nigel Hawkins

Keywords

Privatization; Electricity; National Grid; Profit sharing

The copyright of audio recordings in the LBC / IRN Digitisation Archive is owned by Global Radio UK Ltd.