Regulation 14A Indexation of prescribed sums and prescribed capsF1

(1)

The prescribed sums for each financial year beginning with 1 April 2022 are calculated by—

(a)

adjusting the sums specified in columns 3 and 4 of Part I of Schedule 1 by the percentage increase or decrease in the CPIH index published for the month of January preceding the financial year for which the adjustment is made in comparison to the CPIH index published for the month of January 2021; and

(b)

rounding the resulting figure to the nearest £5.

(2)

In the calculation of prescribed caps for each financial year beginning with 1 April 2022, the sums in column 2 of Part AI of Schedule 1 are adjusted by—

(a)

the percentage increase or decrease in the CPIH index published for the month of January preceding the financial year for which the adjustment is made in comparison to the CPIH index published for the month of January 2021; and

(b)

rounding the resulting figure to the nearest £5.

(3)

In this regulation, “CPIH” means the consumer prices index including owner occupiers’ housing costs (all items) published by the Office for National Statistics.

Annotations

Textual amendments

F1: Reg. 14A inserted (1.4.2021) by The Gas (Standards of Performance) (Amendment) Regulations 2021 (S.I. 2021/257), regs. 1(1), 10

Notes on Part II

Textual amendments

F1: Pt. 2 heading substituted (1.1.2016) by The Electricity and Gas (Standards of Performance) (Suppliers) Regulations 2015 (S.I. 2015/1544), regs. 1(1), 12(b) (with reg. 1(2)-(5))