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.