Regulation 13 Inflationary change in tariffs

(1)

The tariffs listed in Schedule 1 are increased or decreased on 1st April 2027 and on 1st April of each subsequent year by the percentage increase or decrease in the relevant prices index for the previous calendar year.

(2)

Any increase or decrease is to be rounded to the nearest tenth of a penny.

(3)

The relevant prices index for installations of a type set out in—

(a)

Table 1 of Schedule 1 is the general index of retail prices (for all items) published by the Office for National Statistics,

(b)

Table 2 of Schedule 1 is the all items consumer prices index published by the Office for National Statistics.

(4)

Where a relevant prices index is not published for a year, the Department may determine to use any substituted index or figures published by the Office for National Statistics.

(5)

In this regulation “the Office for National Statistics” means the Statistics Board, a body corporate established under section 1 of the Statistics and Registration Service Act 2007^f1.

Annotations

Footnotes

f1: 2007 c.18