# Valuation (Electricity) Order (Northern Ireland) 1997, Note: Explanatory note


(This note is not part of the Order.)
This Order makes provision for determining the net annual value of the hereditaments occupied by holders of licences or exemptions under Part II of the Electricity (Northern Ireland) Order 1992.
Articles 3 and 4 make provision for determining the net annual value of the hereditaments occupied by certain holders of such licences or exemptions where such licences or exemptions authorise the holders to generate electricity but not to supply or (in the case of a licence) to transmit electricity. They provide for the net annual value of such a hereditament for any financial year to be calculated on the basis of a certain rate per megawatt of the declared net capacity of the generating plant on 1st April in the year in question, namely, £2,860 per megawatt for wind or tidal power generators and £5,720 per megawatt in all other cases. Article 5 provides that the net annual value of such a hereditament shall be ascribed to the district council district in which the hereditament is situated.
Article 6 provides that the net annual value of the hereditaments occupied by Northern Ireland Electricity plc shall, for the financial year ending on 31st March 1998, be £16,720,000. Article 7 provides for the redetermination of that net annual value for subsequent financial years.
Article 8 provides for the net annual value of the hereditaments occupied by Northern Ireland Electricity plc determined in accordance with Articles 6 and 7 to be apportioned among the districts of district councils.
Article 9 amends and repeals provisions of the Rates (Northern Ireland) Order 1977.

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Source: https://www.legislation.gov.uk/nisr/1997/118/note (the official version)
Page: https://openlegislation.uk/valuation-electricity-order-northern-ireland-1997/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.