Regulation 13 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) or (4) apply, B is 1.

(3)

B is 0.9 if, on the relevant assessment date—

(a)

the expenditure threshold and the growth threshold are exceeded; and

(b)

either the super growth threshold or the super expenditure threshold is exceeded (but not both).

(4)

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 regulation 36(5)(e).