Regulatory Asset Value definition

Regulatory Asset Value is the value of the relevant Transporter’s regulated assets as published by the Authority at the start of any Transporter’s relevant price control period which will be published and updated to current year prices by the Transporter for the sole use of establishing a Users Maximum Unsecured Credit Limit.
Sample 1Sample 2Sample 3
Regulatory Asset Value means the value of assets utilized by the service licensee in providing the service, calculated as specified in paragraph 1.1 of Schedule 3; “rate of return” means the annual growth in the service licensee’s profits, expressed as a percentage of the original investment in the service licensee, calculated as specified in paragraph 1.2 of Schedule 3;
Sample 1Sample 2
Regulatory Asset Value means the value of the assets included in the calculation of price control revenue as part of a Distribution Price Control Review;
Sample 1

Examples of Regulatory Asset Value in a sentence

  • The Regulatory Asset Value (RAV) is a key building block of the price control review.

  • Cost of capital allowances are calculated as a percentage return on the licensee’s Regulatory Asset Value (RAV).

  • To mitigate the risk posed by this, all transactions with customers are governed by a contract which all customers are required by Ofgem to sign and adhere to the terms.Under the terms of the contract, the maximum unsecured credit that the Group may be required to give is 2% of the Regulatory Asset Value (‘RAV’) of the Company.

  • To mitigate the risk posed by this, all transactions with customers are governed by a contract which all customers are required by Ofgem to sign and adhere to the terms.Under the terms of the contract, the maximum unsecured credit that the Group may be required to give is 2% of the Regulatory Asset Value (“RAV”) of the Company.

  • To mitigate the risk posed by this, all transactions with customers are governed by a contract which all customers are required by Ofgem to sign and adhere to.Under the terms of the contract, the maximum unsecured credit that the Group may be required to give is 2% of the Regulatory Asset Value (RAV) of the Company.

  • Cost of capital allowances are calculated as a percentage return on the licensee‟s Regulatory Asset Value (RAV).

  • This section refers to the purpose, instructions and definitions for completion and submission of the RRP to enable Ofgem to monitor performance against allowances and to roll forward the Regulatory Asset Value (RAV).

  • In light of the above concerns, Ireland abstained from the vote at the October 2017 EPSCO meeting because, while it was considered that the General Approach agreed was an improvement on the original Commission proposal and would in the short-term have addressed our concerns, it fell short of our preferred outcome.

  • Under the current structure of the gas distribution price control, if the discount given to a beneficiary (which is funded via an addition to the Regulatory Asset Value -RAV- and hence charged to the generality of customers) is set equal to the NPV of that beneficiary’s future payments, the existing customers will be neither better off nor worse off, because the discount is limited to the beneficiary’s actual contribution to the RAV.

  • The GDN is then able to capitalise the discount, and recover it via additions to its Regulatory Asset Value (RAV) at the subsequent price control in the same manner that it is able to so if the GDN undertook the network extension itself.

Related to Regulatory Asset Value

  • Gross Asset Value means, with respect to any asset, the asset’s adjusted basis for federal income tax purposes, except as follows:

  • Consolidated Net Tangible Assets means the total assets of the Company and its Restricted Subsidiaries (less applicable depreciation, amortization, and other valuation reserves), less all current liabilities (excluding intercompany liabilities) and all intangible assets of the Company and its Restricted Subsidiaries, all as set forth on the most recent consolidated balance sheet of the Company and its Restricted Subsidiaries, prepared in accordance with GAAP.

  • Historical Fair Market Value means the volume weighted average price of the Ordinary Shares during the ten (10) trading day period ending on the trading day prior to the first date on which the Ordinary Shares trade on the applicable exchange or in the applicable market, regular way, without the right to receive such rights. No Ordinary Shares shall be issued at less than their par value.

  • Adjusted Property means any property the Carrying Value of which has been adjusted pursuant to Section 5.5(d).