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Paragraph 3

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

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 supplier 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—

ry = Ky + D y " X y " ×100

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