Common use of Price Control Clause in Contracts

Price Control. The Regulator and the Department recognise the treatment of xxx Xxxxxxxxxx as both a regulated utility and an NDPB for public expenditure purposes. The Regulator and the Department will agree proposals affecting xxx Xxxxxxxxxx’x funding, subject to the Minister’s and Executive’s overall decisions and to the Regulator’s statutory duties. This means that  The Department agrees that the Price Control process will be the methodology for determining the funding bids which will be made on behalf of xxx Xxxxxxxxxx.  The Regulator recognises that its determination of future prices/spending should be based on agreed public expenditure levels, or where this is not possible, will be subject to review when public expenditure is confirmed.  Once public expenditure funding is confirmed, the Department will approve an Undertaker’s business plan which is in line with a determination. The Department and the Regulator shall agree written assumptions, setting out specific points of agreement in respect of a determination. The Regulator will ensure that a determination reflects agreed assumptions.

Price Control. The Regulator and the Department recognise the treatment of xxx Xxxxxxxxxx as both a regulated utility and an NDPB for public expenditure purposes. The Regulator and the Department will agree proposals affecting xxx Xxxxxxxxxx’x funding, subject to the Minister’s and Executive’s overall decisions and to the Regulator’s statutory duties. This means that  • The Department agrees that the Price Control process will be the methodology for determining the funding bids which will be made on behalf of xxx Xxxxxxxxxx.  • The Regulator recognises that its determination of future prices/spending should be based on agreed public expenditure levels, or where this is not possible, will be subject to review when public expenditure is confirmed.  • Once public expenditure funding is confirmed, the Department will approve an Undertaker’s business plan which is in line with a determination. The Department and the Regulator shall agree written assumptions, setting out specific points of agreement in respect of a determination. The Regulator will ensure that a determination reflects agreed assumptions.