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 2021 – 31 March 2022:

·         3.638p/kWh for Regent Court residents (a decrease of 12%)

·         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 2021 – 31 March 2022:

·           Standing charge: 18.51p/day (no change)

·           Unit rate: 13.31p/kWh (no change)

(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.

(C)

To ensure HEIGHTs customers continue to pay fair and market reflective prices for their heating and electricity.