PART 2Discounted supply price
CHAPTER 3Discounting supply price under supply contracts
Calculation of base discountI117
1
Subject to paragraph (4), the “base discount” in respect of a supply contract for any period (“P”) is determined as—
Where—
RWP is the reference wholesale price applicable to that supply contract for P, subject to paragraph (4);
GSP is the government supported price.
2
The Secretary of State must determine the base discounts for fixed price contracts, variable price contracts and DAI price contracts, and publish them with the corresponding reference wholesale prices.
3
Where regulation 48 applies, the base discount is reduced in accordance with that regulation.
4
Where regulation 39(1) applies, the reference wholesale price is determined under sub-paragraph (c) of that regulation.