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Paragraph 5

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

In this condition:

“base interest rate”means, in respect of any day, the rate per annum which is equal to the base lending rate from time to time of Barclays Bank PLC as at the close of business on the immediately preceding business day.
“business day”means any week day other than a Saturday on which banks are open for domestic business in the City of London.
“p/kWh”means pence per kilowatt hour.
“relevant distributor”has the same. meaning as in section 184 of the Energy Act 2004.
“specified area”means the area specified in the Energy Act 2004 (Assistance for Areas with High Distribution Costs) Order 2005.