# The Electricity Generators (Rateable Values) Order 1989, Article 4: Rateable values


(1) In the case of a hereditament to which this Order applies, paragraphs 2 to 2B of Schedule 6 to the Local Government Finance Act 1988 shall not apply, and its rateable value shall be an amount equal to the sum of either—
(a) £6,405 per megawatt of the declared net capacity of the generating plant (where the primary source of energy used by the plant is wind power), or
(b) £12,810 per megawatt of its declared net capacity (in any other case),
expressed in each case to the nearest hundredth part of a megawatt.
(2) Where (apart from this paragraph) any rateable value determined under paragraph (1) would include a fraction of a pound—
(a) the fraction shall be made up to one pound if it would exceed 50p, and
(b) the fraction shall be ignored if it would be 50p or less.

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Source: https://www.legislation.gov.uk/uksi/1989/2474/article/4 (the official version)
Page: https://openlegislation.uk/electricity-generators-rateable-values-order-1989/article-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.