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Paragraph 2 Method of calculating amount of any payment in respect of levy

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In this Schedule the following symbols have the following meanings:

  • Ay is the aggregate of the total costs calculated in relation to each public electricity supplier in accordance with Part I of Schedule 3 in respect of period y;

  • By is the aggregate of the total costs calculated in relation to each public electricity supplier in accordance with Part II of Schedule 3 in respect of period y;

  • Cy is the amount of the administrative expenses of the Director attributable to the levy incurred in respect of period y;

  • Ey is the aggregate amount of all interest payments pursuant to regulation 29(1) in respect of period y less the aggregate amount of all interest payments pursuant to regulation 29(2) in respect of period y;

  • Fy is the aggregate amount of all inerest payments pursuant to regulation 30 received in period y;

  • Gy is the aggregate amount of levy or interest payments due in respect of period y which, in the opinion of the Director, will be either irrecoverable or recoverable only at excessive cost;

  • Xy is the aggregate amount (exclusive of levy and value added tax) charged (whether or not a bill or invoice has been delivered to a customer) by licensed suppliers for leviable electricity supplied by them in period y; and

  • Ky is the correction factor for y calculated in accordance with paragraph 5.