Annual Iteration Process definition

Annual Iteration Process has the meaning given to that term in the charge restriction conditions in the Distribution Licences. Annual Review Pack or ARP has the meaning given to that term in Paragraph 1.1 of Schedule 20. Applicant has the meaning given to that term in Clause 4.1.
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Examples of Annual Iteration Process in a sentence

  • This gives rise to a requirement for licence conditions and methodologies to govern the determination of revised PCFM Variable Values and the Annual Iteration Process.

  • This handbook describes the ED1 Price Control Financial Model (PCFM) and the Annual Iteration Process for it, by which annual adjustments to the licensee’s base revenues will be calculated.

  • It also contains the ED1 Price Control Financial Methodologies (‘the methodologies’), specified in relevant Charge Restriction Conditions, which will be used to determine appropriate revisions to the variable values contained in the PCFM to facilitate calculations under the Annual Iteration Process.

  • During the Annual Iteration Process, appropriate automatic adjustments are also made as a consequence of revisions to PCFM Variable Values.

  • Stakeholders wishing to understand in detail the way in which PCFM Variable Values are processed and values for MOD calculated under the Annual Iteration Process should refer to the PCFM.

  • Once the value of MOD has been directed for a particular Regulatory Year, it is not changed retroactively as a result of a subsequent Annual Iteration Process – the value becomes a matter of record alongside the Opening Base Revenue Allowance value for the same year.

  • These reports may include: Chief Safety, Chief Driver, Chief Judge, Master Score sheet, Official’s work record, Boat assignments, and any other forms as required by the tournament kit (registration, etc.) J Required Computer Skills.

  • This is because Pensions Allowance values are included in full in recalculated base revenue figures in the PCFM under the Annual Iteration Process.

  • Section 2 - The PCFM and the Annual Iteration Process 1.12 The PCFM exists as a constituent part of CRC 4A (Governance of ED1 Price Control Financial Instruments).

  • All of the other PCFM Variable Value revisions that have been determined for use in the prospective Annual Iteration Process (and which Ofgem expects to include in the notices of proposed Variable Value revisions to licensees) will be input into the PCFM Variable Values Table for the licensee.

Related to Annual Iteration Process

  • Annual Work Plan means any of the Annual Work Plans.

  • Commercial Item means a commercial item as defined in FAR 2.101.

  • Annual Work Plan and Budget means the work plan and budget prepared annually by the Recipient and approved by the Association in accordance with Section I.C of Schedule 2 to this Agreement; “Annual Work Plans and Budgets” means more than one such Annual Work Plan and Budget.

  • Application Review Start Date means the later date of either the date on which the District issues its written notice that the Applicant has submitted a completed Application or the date on which the Comptroller issues its written notice that the Applicant has submitted a completed Application and as further identified in Section 2.3.A of this Agreement.

  • Improvement Plan means the plan required by the Authority from the Supplier which shall detail how the Supplier will improve the provision of the Goods and/or Services pursuant to Clause 29.1.1 (Authority Remedies);

  • Manufacturing Facility means buildings and structures, including machinery and equipment, the primary purpose of which is or will be the manufacture of tangible goods or materials or the processing of such goods or materials by physical or chemical change.

  • Peer-reviewed medical literature means a scientific study published only after having been critically

  • external engineering service means an engineering service situated outside the boundaries of a land area and that is necessary to serve the use and development of the land area;

  • Participating Certified Clinical Nurse Specialist means a Certified Clinical Nurse Specialist who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.