NEW POWER CHARGES
Effect On M.E.D. The effect of adjusting consumers’ accounts on a weekly.pro rata basis to meet the new power charges would involve the council in greater reliance on bank overdraft when the new and heavy charge for bulk power had to be met on July 25, the electricity committee reported to the City Council last evening. Eventually the overdraft would have to be repaid, together with interest on it.
Of the statement by the Minister in charge of the State Hydro-electric Department (Mr Watt) that if charges were not adjusted to April 1 he would consider introducing price control. the committee said: "This is the second occasion on which the Minister has entered the retail field of supply authorities, and the matter will be discussed at a special meeting of the Electric Supply Authorities’ Association on May 1."
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Bibliographic details
Press, Volume XCVII, Issue 28572, 29 April 1958, Page 14
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141NEW POWER CHARGES Press, Volume XCVII, Issue 28572, 29 April 1958, Page 14
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