Regulation 17A Indexation of prescribed sumsF1

(1)

The prescribed sums for each financial year beginning with 1 April 2024 are calculated by –

(a)

adjusting the sums specified in column 3 of Schedule 1 by the percentage increase or decrease in the CPIH index published for the month of January preceding the financial year for which the adjustment is made in comparison to the CPIH index published for the month of January 2023; and

(b)

rounding the resulting figure to the nearest £5.

(2)

In this regulation, “CPIH” means the consumer prices index including owner occupiers’ housing costs (all items) published by the Office for National Statistics.

Annotations

Textual amendments

F1: Reg. 17A inserted (1.10.2023) by The Electricity (Standards of Performance) (Amendment) Regulations 2023 (S.I. 2023/887), regs. 1(4), 3(3)