Section 13: Rates and scales of charges for electricity.

(1) The rates and scales of charges for electricity shall be submitted by the Authority for the approval of the Minister, notwithstanding that the rates and scales aforesaid are the subject of an agreement between the Authority and any consumer.
(2) Subject to the provisions of subsection (1) of this section, all charges for electricity sold in bulk or direct to consumers and for services rendered by the Authority shall be fixed at such rates and on such scales that the revenue derived in any year from such sales and services, together with its revenue in such year from other sources, will be sufficient as nearly as may be, to pay
(a) all salaries, working expenses and other outgoings of the Authority properly chargeable to income in that year;
(b) the payments falling to be made in such year by the Authority in respect of the interest on or repayment of the principal of any money borrowed by the Authority;
(c) any sums providing for the redemption of stock issued by the Authority under this Act; and
(d) such sums as the Authority may think proper to set aside in that year for a reserve fund, extensions, renewals, depreciation, loans and other like purposes.
(3) The charges under this section may, if the Authority thinks fit, be fixed at different rates and scales for different localities.