# Valuation (Electricity) Order (Northern Ireland) 2003, Article 8: Redetermination of net annual value

Extent: N.I.

For the year ending on 31st March 2005 and for each subsequent year the net annual value of the hereditament occupied by the Company and specified in Part B of the Schedule shall be the amount determined in accordance with the formula –
£750,000×EF where –
E is the estimated installed transformer capacity (measured in kilovoltamperes) of all the electricity transformation plant in or on the hereditament specified in Part B of the Schedule on 31st March in the relevant preceding year; and
F is the estimated installed transformer capacity (measured in kilovoltamperes) of all the electricity transformation plant in or on the hereditament specified in Part B of the Schedule on 31st March 2003.

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Source: https://www.legislation.gov.uk/nisr/2003/77/article/8 (the official version)
Page: https://openlegislation.uk/valuation-electricity-order-northern-ireland-2003/article-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.