PART 6 N.I.CALCULATION OF TARIFFS
Duty to calculate and publish tariffsN.I.
32.—(1) The Department must calculate in accordance with this Part and publish on its website, by the dates specified in paragraphs (2) and (3), tables specifying in relation to each tariff category—
(a)the initial tariffs for accredited domestic plants with a tariff start date in the tariff period immediately following the date on which the table is published; and
(b)the subsequent tariffs for accredited domestic plants for the financial year which commences on or after the date on which the table is published.
(2) The tables of initial and subsequent tariffs must be published by—
(a)1st April 2015, but only where the relevant date is earlier than that date; and
(b)On 1st April of each subsequent calendar year.
Calculation of initial tariffsN.I.
33.—(1) The initial tariff for an accredited domestic plant is calculated in accordance with this regulation.
(2) For the period beginning with the commencement of these Regulations and ending with 31st March 2015, the initial tariff for each plant is the tariff specified in column (2) of Table 1 of Schedule 4 opposite the reference to the plant in column (1).
(3) For each subsequent year commencing with 1st April and ending with the following 31st March, the initial tariff for each plant is the tariff applicable to it on the immediately preceding 31st March in the previous year adjusted by the percentage increase or decrease (as applicable) in the retail prices index for the previous calendar year (the resulting figure being stated to two decimal places and rounded to the nearest hundredth of a penny, with any two hundredth of a penny being rounded upwards).
Calculation of subsequent tariffsN.I.
34.—(1) The subsequent tariff for an accredited domestic plant is calculated in accordance with this regulation.
(2) For each year commencing with 1st April and ending with the following 31st March, the subsequent tariff for each plant is the tariff applicable to it on the immediately preceding 31st March in the previous year adjusted by the percentage increase or decrease (as applicable) in the retail prices index for the previous calendar year (the resulting figure being stated to two decimal places and rounded to the nearest hundredth of a penny, with any two hundredth of a penny being rounded upwards).