# The Electricity Supply Industry (Rateable Values) Order 1994, Article 9: Electricity generating hereditaments—recalculation factor


(1) In relation to each class of English hereditaments listed in paragraph A of Part I and each class of Welsh hereditaments listed in paragraph A of Part II of the Schedule, except those falling within the class referred to in paragraph (2), the recalculation factor in respect of a relevant year shall be the figure produced for that class by applying the formula—
£11,620(D-d) where—
D is the total declared net capacity of generating plant in or on the hereditaments occupied by the designated person as respects that class in England, or, as the case may be, in Wales, on 31st March in the relevant preceding year, and d is the total declared net capacity of generating plant in or on the hereditaments occupied by that person in England, or, as the case may be, in Wales, on 31st March 1995.
(2) In relation to any class of English hereditaments and any class of Welsh hereditaments occupied by Nuclear Electric plc, the recalculation factor in respect of a relevant year shall be the figure produced by applying in relation to that class the formula—
£16,426(D-d) where
D and d, respectively, have the meanings assigned to them in paragraph (1).

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Source: https://www.legislation.gov.uk/uksi/1994/3282/article/9 (the official version)
Page: https://openlegislation.uk/electricity-supply-industry-rateable-values-order-1994/article-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.