Issue - meetings

Consideration has been given to the completion of the Gateshead HEIGHTs project and to the proposed heat tariffs chargeable to residents of the project for 2019/20.

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

RESOLVED -

That the heat tariffs set out below be approved:

·      Regent Court – 4.405 p/kWh (an 11% reduction)

·      Barford, Stretford, Ripley, Willerby, Acomb and Bedale Courts – 7.595 p/kWh (a 5% reduction)

The above decision has been made for the following reasons:

(A)

To comply with heat supply agreements in place with customers.

(B)

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