The Electricity and Gas Act 1963 (c. 59) is an act of the

Parliament of the United Kingdom The Parliament of the United Kingdom is the supreme legislative body of the United Kingdom, the Crown Dependencies and the British Overseas Territories. It meets at the Palace of Westminster, London. It alone possesses legislative suprema ...

which increased the amounts that could be borrowed by the Electricity Council, the

electricity board Public electricity suppliers (PES) were the fourteen electricity companies created in Great Britain when the electricity market in the United Kingdom was privatised following the Electricity Act 1989. The Utilities Act 2000 subsequently split the ...

s, the

Gas Council The Gas Council was a UK government body that provided strategic oversight of the gas industry in England, Wales and Scotland between 1949 and 1972. The British gas industry was nationalised under the provisions of the Gas Act 1948 (11 & 12 Geo. ...

, and the

area gas board The area gas boards were created under the provisions of the Gas Act 1948 enacted by Clement Attlee's post-war Labour government. The Act nationalised the British gas industry and also created the Gas Council. History From the early 19th century ...

s. It enabled monetary advances to be made to these bodies, and provided for members of the bodies to be recompensed.

Background

Reports on the gas industry in 1960 and the electricity industry in 1963 had been published by the Parliamentary Select Committee on Nationalised Industries. Both reports provided insights into the progress and problems of the industries. They identified that future expenditure was likely to be greater than budgeted by earlier legislation. The 1963 Act aimed to address this by increasing the borrowing powers of the Electricity Council and boards in England and Wales, for the Scottish electricity boards, and for the Gas Council and its boards. It raised the amounts to a limit likely to be reached in about three years which would provide an opportunity for Parliament to review the progress of each industry at approximately three-year intervals. The Act permitted the Minister of Power to make Treasury advances to the Gas and Electricity Councils and to the Scottish boards. It also enabled compensation to be provided to a council or board member who leaves before their term of office had expired.

Electricity and Gas Act 1963

The Electricity and Gas Act 1963 (c. 59) received

royal assent Royal assent is the method by which a monarch formally approves an act of the legislature, either directly or through an official acting on the monarch's behalf. In some jurisdictions, royal assent is equivalent to promulgation, while in other ...

on 18 December 1963. Its long title is ‘An Act to increase the statutory limits imposed on the amounts outstanding in respect of borrowings by the Electricity Council and Electricity Boards and the Gas Council and Area Gas Boards; to make further provision for Exchequer advances to certain of those bodies; to provide in certain cases for compensating members of those bodies for loss of office; and for purposes connected with the matters aforesaid’.

Provisions

The act comprises four sections and three schedules * Section 1 Extension of borrowing powers * Section 2 Exchequer advances to Electricity and Gas Councils and to Scottish Electricity Boards * Section 3 Payments to members of Councils and Boards of compensation for loss of office. * Section 4 Short title, repeal and consequential provision. * Schedule 1 Amendments relating to Exchequer advances * Schedule 2 Enactments Repealed * Schedule 3 Section 47(7) of the Electricity Act 1947 as amended.

Effects of the act

The borrowing powers of the Electricity Council, the

Central Electricity Generating Board The Central Electricity Generating Board (CEGB) was responsible for electricity generation, transmission and bulk sales in England and Wales from 1958 until privatisation of the electricity industry in the 1990s. It was established on 1 Januar ...

and area electricity boards were increased from £1,400 million (specified in Section 15(5) of the Electricity Act 1957) to £3,300 million or a greater amount not exceeding £4,400 million. The borrowing powers of the Gas Council and area gas boards were increased from £250 million (specified in Section 42(3) of the Gas Act 1948) to £600 million or a greater amount not exceeding £50 million. The act repealed the Electricity (Borrowing Powers) Act 1959 ( 7 & 8 Eliz. 2. c. 20); and the Electricity (Borrowing Powers) Act 1962 ( 11 & 12 Eliz. 2. c. 7); and Section 1 of the Gas Act 1960 ( 8 & 9 Eliz. 2. c. 27).

Amendments and repeal

The Act was amended by the

Gas (Borrowing Powers) Act 1965 The Gas Act 1965 (1965 chapter 36) is an Act of the Parliament of the United Kingdom which extended the powers of the Gas Council to buy, make or supply gas; it authorised and controlled the underground storage of gas; and permitted the sale of ...

which set a new budget of £900 million which could be increased to £1,200 million. The 1963 Act was also amended by the

Gas and Electricity Act 1968 The Gas and Electricity Act 1968 (c. 39) is an act of the Parliament of the United Kingdom which extended the powers of the Gas Council, the area gas boards and the Electricity Council to borrow money, including foreign currency, to meet their o ...

; and by the

Electricity Act 1972 Electricity is the set of physical phenomena associated with the presence and motion of matter that has a property of electric charge. Electricity is related to magnetism, both being part of the phenomenon of electromagnetism, as described by ...

. The Act was repealed in its entirety by the Electricity Act 1989.

References