# The Electricity Supply Industry (Rateable Values) Order 1989, Article 5: Interpretation


In this Part—
(a) in any formula—
B is the figure applicable in relation to the relevant year for the purposes of paragraph 5(3) of Schedule 7 to the Act;
C is the figure applicable in relation to the relevant year for the purposes of paragraph 5(4) of Schedule 7 to the Act;
I is the figure for the retail prices index for September in the relevant preceding year;
and in relation to any class of hereditaments—
R is the recalculation factor applicable to that class determined under Part IV in respect of the relevant preceding year;
RV is the rateable value of that class in the relevant preceding year; and
(b) T is the amount specified in relation to a class of hereditaments in column 1 of the Schedule;
U is the recalculation factor applicable to that class determined in accordance with Part IV in respect of the relevant year; and
“the standard formula” means the formula T + U.

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Source: https://www.legislation.gov.uk/uksi/1989/2475/article/5 (the official version)
Page: https://openlegislation.uk/electricity-supply-industry-rateable-values-order-1989/article-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.