Regulation 12 Amendments to regulation 36 (calculation of initial tariffs: calculation of B)

In regulation 36, for paragraphs (2) to (4) substitute—

“(2)

Save where paragraphs (3), (4) or (4A) apply, B is 1.

(3)

B is 0.9 if, on the relevant assessment date—

(a)

the expenditure threshold or the super expenditure threshold is exceeded; and

(b)

the growth threshold is exceeded but the super growth threshold is not exceeded.

(4)

B is 0.9 if, on the relevant assessment date—

(a)

the expenditure threshold is exceeded but the super expenditure threshold is not exceeded; and

(b)

the super growth threshold is exceeded.

(4A)

B is 0.8 if, on the relevant assessment date—

(a)

the super expenditure threshold is exceeded; and

(b)

the super growth threshold is exceeded.”.

Omit paragraph (5)(e).