Relevant Year t-1 definition

Relevant Year t-1 means the Financial Year preceding Relevant Year t, and similar expressions shall be construed accordingly;

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Relevant Year t-1 means the Relevant Year preceding Relevant Year t; and similar expressions shall be construed accordingly;

Relevant Year t-1 means the Relevant Year preceding Relevant Year t or,

Examples of Relevant Year t-1 in a sentence

• For the purposes of this paragraph 7.2.2(b), the Adjustment Factor in respect of Relevant Year t shall be calculated in accordance with the following formula: 𝐴𝑑𝑗𝑢𝑠𝑡𝑚𝑒𝑛𝑡 𝐹𝑎𝑐𝑡𝑜𝑟 = 1 + (𝐶𝑃𝐼𝑡−1−𝐶𝑃𝐼𝑡−2) 𝐶𝑃𝐼𝑡−2 where: CPIt-1 means the CPI published or determined with respect to the month of November in Relevant Year t-1; and CPIt-2 means the CPI published or determined with respect to the month of November in Relevant Year t-2.

• For the purposes of this paragraph 7.2.2(b), the Adjustment Factor in respect of Relevant Year t shall be calculated in accordance with the following formula: = 1 + (−1−−2) −2 where: CPIt-1 means the CPI published or determined with respect to the month of November in Relevant Year t-1; and CPIt-2 means the CPI published or determined with respect to the month of November in Relevant Year t-2.

• For the purposes of this paragraph 7.2.2(b), the Adjustment Factor in respect of Relevant Year t shall be calculated in accordance with the following formula: where: CPIt-1 means the CPI published or determined with respect to the month of November in Relevant Year t-1; and CPIt-2 means the CPI published or determined with respect to the month of November in Relevant Year t-2.

• For the purposes of this paragraph 7.2.2(b), the Adjustment Factor in respect of Relevant Year t shall be calculated in accordance with the following formula: 𝐴𝑑𝑗𝑢𝑠𝑡𝑚𝑒𝑛𝑡 𝐹𝑎𝑐𝑡𝑜𝑟 = 1 + (𝐶𝑃𝐼𝑡−1−𝐶𝑃𝐼2022) 𝐶𝑃𝐼2022 where: CPIt-1 means the CPI published or determined with respect to the month of November in Relevant Year t-1; and CPI2022 means the CPI published or determined with respect to the month of November 2022.

• The formula applicable to this paragraph 14 is: where: Rt is the relevant value in the Relevant Year t; Rt-1 is the relevant value in the Relevant Year t-1; CPIt-1 means the CPI published or determined with respect to the month of November in Relevant Year t-1; and CPIt-2 means the CPI published or determined with respect to the month of November in Relevant Year t-2.

More Definitions of Relevant Year t-1

Relevant Year t-1 means the relevant year preceding relevant year t or, in respect of the period prior to 1 April 1990, the period of 12 calendar months commencing on 1 April 1989; and similar expressions shall be construed accordingly.

Relevant Year t-1 means the relevant year preceding relevant year t and similar expressions shall be construed accordingly;

Relevant Year t-1 means the relevant year preceding relevant year t or in respect of the period prior to 1st April 1990, the period of 12 calendar months commencing on 1st April 1989; and similar expressions shall be construed accordingly.

Relevant Year t-1 means the Relevant Year immediately preceding Relevant Year t and similar expressions shall be construed accordingly. "Retail Prices Index Number" means the monthly index number of retail prices as identified by series CHAW by the Office of National Statistics where the index on 13 January 1987 = 100 "Returned Royalty Income" for the purposes of amended standard condition E12-J11(The Network Innovation Competition) has the meaning given to that term in paragraph 9 of that condition subject to any further explanation or elaboration that might be set out in the NIC Governance Document. "Security Period" means a period commencing on the date on which any direction issued by the Secretary of State under section 34(4) of the Act enters effect and terminating on the date (being not earlier than the date such direction, as varied, is revoked or expires) as the Authority, after consultation with such persons (including without limitation, licence holders liable to be principally affected) as it shall consider appropriate, may with the consent of the Secretary of State by notice to all licence holders determine after having regard to the views of such persons. "Services Capability Specification" means the specification of Transmission Owner Services provided and maintained in accordance with the STC. "Services Reduction" means the licensee’s Transmission Services are not, other than by reason of an Outage, physically capable of being provided or are not capable, for immediate safety reasons or pursuant to environmental obligations, of being provided. "Services Reduction Risk " means a risk, materially beyond the normal level of risk, of an imminent Services Reduction. "Service Restoration Proposal" means a Transmission Owner’s proposal, in accordance with the STC as at the date this condition comes into force, in reasonable but not excessive detail for, as appropriate:(a) any interim works or other actions which are able to be undertaken by such Transmission Owner to

Relevant Year t-1 means the Relevant Year preceding Relevant Year t or, in respect of the First Relevant Year, the period of 12 calendar months commencing on 1 January 2022 and similar expressions shall be construed accordingly;

Relevant Year t-1 means the Relevant Year immediately preceding Relevant Year t and similar expressions shall be construed accordingly. "Retail Prices Index Number"

Relevant Year t-1 means the relevant year preceding relevant year t or, in respect of the period prior to 1st April