The Electricity Act 1947 received
royal assent on 13 August 1947. Its long title is: 'An Act to provide for the establishment of a British Electricity Authority and Area Electricity Boards and for the exercise and performance by that Authority and those Boards and the North of Scotland Hydro-Electric Board of functions relating to the supply of electricity and certain other matters; for the transfer to the said Authority or any such Board as aforesaid of property, rights, obligations and liabilities of electricity undertakers and other bodies; to amend the law relating to the supply of electricity; to make certain consequential provision as to income tax; and for purposes connected with the matters aforesaid'.
Provisions The provisions of the act comprise 69 sections in four parts, plus five schedules •
Part I British Electricity Authority and area electricity boards • Sections 1 to 12 – including the constitution of the central authority and the electricity boards; functions of the electricity boards; powers of the minister, the central authority and electricity boards; consultative councils. •
Part II Acquisition of electricity undertakings •
Vesting of Assets – Sections 13 to 19 – including bodies to whom Part II applies; undertakings of local authorities; composite companies; transfer of property •
Compensation to Holders of Securities – Sections 20 and 21 •
Compensation to local authorities – Sections 22 to 24 •
Compensation to Composite Companies – Section 25 •
Control of Dividends and Interest and Safeguarding of Assets pending transfer – Sections 26 to 30 – including control of dividends and interest; income tax •
Supplementary Provisions – Sections 31 to 35 – including Arbitration tribunal; enforcement •
Part III Financial provisions • Sections 36 to 47 – including duties ad powers of central authority and Area Boards; tariffs; borrowing powers; British Electricity Stock; Treasury guarantees; accounts and audits. •
Part IV Miscellaneous and general •
Non-statutory undertakings – Section 48 – acquisition •
Further provisions as to electricity supply – Sections 49 to 52 – railways; use of heat; certification of meters •
Conditions of Employment and Pension Rights – Sections 53 to 56 •
Consequential amendment of Statutory Provisions – Sections 57 to 59 – amendment and repeal of enactments; power to dissolve Electricity Commissioners •
General – Sections 60 to 69 – making regulations; penalties; notices; inquiries; application to Scotland •
Five schedules – including lists of undertakings; enactments amended and repealed. == Later enactments ==