# The Fossil Fuel Levy (Scotland) Regulations 1996, Paragraph 3: Method of calculating hypothetical cost of purchasing certain electricity


(1) The method of calculating what would have been the total cost (in pounds) to each public electricity supplier P of purchasing the electricity mentioned in either paragraph 1 or paragraph 2 of this Schedule if that electricity had been generated by a fossil fuel generating station (which, when combined with the like total cost attributable to every other public electricity supplier, is expressed as By in paragraph 2 of Schedule 2) is given by the formula—
Byp = ∑n ( Wn × Vn )100.
(2) In the formula specified in sub-paragraph (1) above—
Σn signifies the summation over all the qualifying months within period y;
Wn is the reference price (in pence per unit) in respect of the electricity referred to in paragraph 1 or, as the case may be, paragraph 2 of this Schedule within month n, calculated in accordance with paragraph 5 except during a security period, when it shall be the price determined as the Director, after consultation with licensed suppliers, sees fit; and
Vn is the number of units of the electricity referred to in paragraph 1 or, as the case may be, paragraph 2 of this Schedule within month n.

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Source: https://www.legislation.gov.uk/uksi/1996/293/schedule/3/paragraph/3 (the official version)
Page: https://openlegislation.uk/fossil-fuel-levy-scotland-regulations-1996/schedule-3/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.