First Relevant Year definition

First Relevant Year means the Relevant Year beginning on 1 January 2018
First Relevant Year means the Relevant Year beginning effective on 1January 202218 and ending on 31 December 202218;
First Relevant Year means the Relevant Year beginning on 1 January 2019

Examples of First Relevant Year in a sentence

  • In the First Relevant Year (1 May 2005 to 31 December 2005) the fee shall be paid in the number of instalments determined by the Authority.

  • In the First Relevant Year (1 May to 31 December 2005) the fee shall be paid in the number of instalments determined by the Authority.

  • The Maximum Allowed Dispatch Revenue (MADISRt) shall be calculated according to the following formula: MADISRt = LDCt + SDt Where: LDCt in is the Notified Value provided by the Authority for the First Relevant Year of the price control.

  • Maximum Allowed Dhofar Transmission Revenue (MADTRt) shall be calculated according to the following formula: MADTRt = (dt + et * MTSDDt + ft * RUTDt) Where: dt, et and ft in the First Relevant Year are the Notified Values provided by the Authority.

  • In a Relevant Year after the First Relevant Year the value of the terms at, bt and ct shall be calculated from the following formulae: at = (at-1) (1+ CPIt – XMt)bt = (bt-1) (1+ CPIt – XMt) Where:ct = (ct-1) (1+ CPIt – XMt) CPIt in relation to a Relevant Year is the percentage change in the Omani Consumer Price Index in the twelve-month period ending on 30th June in the previous Relevant Year.


More Definitions of First Relevant Year

First Relevant Year means the Relevant Year beginning on 1 January 2023
First Relevant Year means a period beginning on 1 May 2016 and ending on 31 March 2017;
First Relevant Year means a period which starts on 20 March 2020 and ends on 19 March 2021 (inclusive);
First Relevant Year means any period of 12 calendar months beginning from the date of this Decision Instrument;
First Relevant Year means the Relevant Year beginning on 1 January 2013 and ending on 31 December 2013;
First Relevant Year means the Relevant Year beginning on 1 January 2015
First Relevant Year means the Relevant Year beginning on 1 January 2023 and ending on 31