Explanatory note

Under paragraph 3(2) of Schedule 6 to the Local Government Finance Act 1988, the Secretary of State may by order provide that, in the case of non-domestic hereditaments to be shown in the central rating lists for England and Wales (“central list hereditaments”), the basis of valuation contained in paragraphs 2 to 2B shall not apply, and that instead their rateable value shall be such as is specified, or determined in accordance with rules set out, in the order.

The Electricity Supply Industry (Rateable Values) Order 1994 prescribes rateable values for electricity generation, transmission and supply hereditaments. The rateable values of the electricity generation hereditaments specified in the Schedule to the 1994 Order are based on estimates of declared net capacity.

This Order amends the 1994 Order to allow for differences between the estimates of the declared net capacities of National Power PLC, PowerGen plc and Nuclear Electric plc and their actual declared net capacities as at 31st March 1995.