Issue - meetings

Consideration has been given to the proposed electricity tariffs chargeable to residents of the Gateshead HEIGHTs project.

The alternative options to that being recommended, but which were discounted, included setting higher and lower tariffs.

RESOLVED -

That the power tariffs for 2019/20 of 14.86 p/kWh, with a standing charge of 18.61 p/day inclusive of VAT, for residents of the Gateshead HEIGHTs project be approved.

The above decisions have been made for the following reasons:

(A)

To ensure cost savings are delivered to residents of the HEIGHTs scheme.

(B)

To ensure the HEIGHTs scheme recovers its operating and construction costs over its lifetime.