British Power and Light Corporation

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British Power and Light Corporation
Company typePublic Company
IndustryElectricity supply
Founded7 May 1929
Defunct31 March 1948
FateNationalisation
SuccessorBritish Electricity Authority
Headquarters
London
,
United Kingdom
Area served
North Wales; East Suffolk; South Somerset; Trent Valley and High Peak; West Hampshire; and Ringwood
Key people
See text
ServicesElectricity supply
RevenueSee tables

The British Power and Light Corporation Limited, also known as the British Power & Light Corporation (1929) Limited was registered in 1929 to acquire a controlling interest in electricity undertakings in North Wales; East Suffolk; South Somerset; Trent Valley and High Peak; West Hampshire; and Ringwood, Hampshire. The corporation operated for 19 years and was abolished upon the nationalisation of the British electricity supply industry in 1948.

Contents

Background

The British Power and Light Corporation Limited was registered on 7 May 1929 as a holding company by a group of British merchant bankers to assume control of, and develop, a number of electricity undertakings in England and Wales. [1]

The inaugural board of directors were: [2]

The company's registered office was 27 Old Broad Street, London EC2. [2]

After establishment the British Power and Light Corporation acquired a controlling interest in two companies: [2]

In addition, it acquired the whole of the share capital of five electricity undertakings: [2]

The British Power and Light Corporation was one of a number of electricity holding companies that had a wide and disparate geographical range of interests. Other such companies included: Christy Bros. and Company Limited; Edmundsons Electricity Corporation; Electrical Finance and Securities Company Limited; Midland Counties Electric Supply Company Limited. [3]

North Wales companies

The North Wales Power Company had increased its sales and revenue during the 1920s: [2]

YearElectricity sold, GwhRevenue£,
1921729,263
1922834,726
19231259,247
19241471,771
19251987,787
192630145,801
192738168,770
192842180,416

However, the company's profits had not been commensurate with its capital because of a shortage of generating plant (only 5.5 MW). This meant that electricity had to be purchased. [2]

The North Wales Power Company owned three hydro-electric power stations: [4]

To raise capital from its inception the British Power and Light Corporation offered 1,600,000 shares of £1 each on the Stock Exchange in May 1929. [2]

The gross revenue of the North Wales company from the sale of electricity rose steadily during the 1930s, as shown: [5]

North Wales company electricity sales and revenue 1932-37
YearSales to consumersSales to CEB (note)Sales to Distribution Co
Electricity, MWhRevenueElectricity, MWhRevenueElectricity, MWhRevenue
193265,486£247,717NilNil10,219£154,186
193373,563£274,171NilNil14,017£190,284
193485,462£304,37229,501£92,08317,155£227,371
193597,765£336,07247,765£119,12621,782£276,199
1936107,550£365,30241,852£118,64826,523£336,946
1937118,467£397,24539,770£121,13733,475£393,521

Note: The Central Electricity Board (CEB) was established in 1926 to construct the National Grid and to control and purchase electricity from selected power stations. [6]

Operations 1937

A summary and breakdown of the operating and financial data in 1937 for the constituent companies is shown on the table. [7]

British Power and Light Corporation constituent company operations 1937
North WalesNorth Wales DistributionEast SuffolkSouth SomersetTrent Valley & High PeakWest    HampshireRingwood
Generating Capacity, MW52.2NilNilNilNilNil0.145
Electricity Generated, MWh36,78900000356.1
Electricity Purchased, MWh108,37619,2482,4225,0855,6995,1341,042
Electricity Sold, MWh127,84416,7962,1534,5045,2434,4151,277
Electricity Sold£,408,853195,44124,69340,93040,05649,02611,703
No. of Consumers3,43539,7413,6014,9115,9577,0711,552
Connections on system, kW73,72450,1044,8718,11410,9237,6331,923
Gross surplus£,261,38870,86914,89018,98721,81825,8665,507

To raise further capital, in December 1938 the British Power and Light Corporation offered £4 million of shares on the Stock Exchange. [5]

The board of directors in 1938 were: [5]

The registered office was Artillery House, Artillery Row, Westminster, London SW1. [5]

Operations 1947

In its last full year of operation (1947) a summary and breakdown of the operating and financial data for the constituent companies is shown on the table. [8]

British Power and Light Corporation constituent company operations 1947
North WalesNorth Wales DistributionEast SuffolkSouth SomersetTrent Valley & High PeakWest    HampshireRingwood
Electricity Generated, MWh51,875NilNilNilNilNil166
Electricity Purchased, MWh309,04857,24011,88018,37819,758219,2407,633
Electricity Sold, MWh336,60149,8719,5961605817,992201,8007,599
Electricity Sold£,1,201,026458,51968,602123,824119,058915,04441,227
Gross surplus£,368,209181,86319,06138,94143,972168,1348,435

Abolition

The British Power and Light Corporation and all its constituent companies were abolished on 31 March 1948 when the British Electricity Industry was nationalised. [6] The generating plant and transmission systems devolved to the British Electricity Authority and the distribution systems to the appropriate geographical electricity board, for example the Merseyside and North Wales Electricity Board, the Southern Electricity Board, the Eastern Electricity Board. [4]

The company was one of five electricity undertakings that operated over large geographical areas. Its assets were divided between two or more area electricity boards. [3] The five companies were:

See also

References

  1. Hannah, Leslie (1979). Electricity before Nationalisation. London: Macmillan. pp. 228, 341. ISBN   0333220862.
  2. 1 2 3 4 5 6 7 "British Power & Light Corporation (1929) Limited". The Times. 13 May 1929. p. 26.
  3. 1 2 "Electricity Act 1947". The Times. 10 March 1948. p. 23.
  4. 1 2 Garcke’s Manual of Electricity Supply vol 48 1950-51. London: Electrical Press Limited. 1952. pp. A-47, A-50, A-79.
  5. 1 2 3 4 "British Power & Light Corporation Limited". The Times. 1 December 1938. p. 20.
  6. 1 2 Electricity Council (1987). Electricity Supply in the United Kingdom. London: Electricity Council. pp. 45, 60. ISBN   085188105X.
  7. Electricity Commission (1939). Electricity Supply 1937-38. London: HMSO.
  8. Ministry of Fuel and Power (1949). Electricity Supply 1946-7. London: HMSO.