Article 10 Distribution hereditaments: recalculation factor

In relation to each class of hereditaments listed in Part B of the Schedule, the recalculation factor in respect of a relevant year shall be the figure produced for that class by applying the formula—

where—

• T is the amount specified in relation to that class in the Schedule;

• v is the estimated installed transformer capacity (measured in kilovoltamperes) of all the electricity transformation plant occupied by the designated person as respects that class on 31st March in the relevant preceding year; and

• V is the estimated installed transformer capacity (measured in kilovoltamperes) of such plant on 31st March 2000.