Issue - meetings

Consideration has been given to energy tariffs for High Rise Energy Infrastructure for Gateshead Housing Tenants (HEIGHTs) project residents for 2020/21.

The alternative options considered, but which were discounted, included setting higher or lower tariffs.

RESOLVED -

(i)

That the following heat tariffs for residents as indicated be approved and applied for the period 1 April 2020 – 31 March 2021:

·         4.139 p/kWh for Regent Court residents (a decrease of 6%)

·         7.833p/kWh for Harlow Green residents (an increase of 3%)

(ii)

That the following electricity tariffs for residents at Barford and Stretford Courts be approved and applied for the period 1 April 2020 – 31 March 2021:

·           Standing charge: 18.51p/day (a decrease of 0.5%)

·           Unit rate: 13.31p/kWh (a decrease of 10.5%)

(iii)

That the communication of the revised tariffs to HEIGHTs residents be approved.

The above decisions have been made for the following reasons:

(A)

To comply with heat and electricity supply agreements in place with customers.

(B)

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