Article 17 Determination of costs(Seventh subparagraph of Article 61(3) of Regulation (EU) No 1303/2013)

For the purposes of the calculation of discounted net revenue, the following costs occurring during the reference period referred to in Article 15(2) shall be taken into consideration:

1. (a)

   replacement costs of short-life equipment ensuring the technical functioning of the operation;

2. (b)

   fixed operating costs, including maintenance costs, such as staff, maintenance and repair, general management and administration, and insurance;

3. (c)

   variable operating costs, including maintenance costs, such as consumption of raw materials, energy, other process consumables, and any maintenance and repair needed to extend the lifetime of the operation.