Paragraph 3 Method of calculating amount of any payment in respect of levy

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

Sch. para. 7 substituted by Fossil Fuel Levy 2001 reg. 3(19)(a)
Sch. para. 9 words inserted by Fossil Fuel Levy 2001 reg. 3(19)(b)
Sch. para. 17(a) substituted by Fossil Fuel Levy 2001 reg. 3(19)(c)
Schs.1,2,3 substituted by Fossil Fuel Levy 1998 reg.10
Sch.2 substituted by Fossil Fuel Levy 1996 reg.4

Subject to any adjustment which may be required pursuant to the Regulations, the amount of any payment to be made by a licensed supplier in respect of the levy in period y shall be calculated by applying to the aggregate amount (exclusive of value added tax and levy) charged (whether or not any bill or invoice has been delivered to a customer) by the suplier for leviable electricity supplied by him during the qualifying month the percentage figure Ry where Ry is the percentage figure ry given by the formula–

r_{y} = \frac{K_{y} + D_{y}^{"}}{X_{y}^{"}} \times 100

after it has been rounded to the nearest tenth of a per centum (any odd twentieth of a per centum being rounded upwards).