RPI - X definition

RPI - X is a means of controlling the extent to which companies with monopoly power raise their prices. The RPI - X control prevents regulated companies from increasing their prices or revenue by more than general price inflation (as measured by the Retail Price Index, or RPI), less an X value determined by the regulator, over a specified period. The control protects consumers, by preventing companies with monopoly power from abusing that power through price increases.
Sample 1

Examples of RPI - X in a sentence

  • RPI - X, the pure price cap may be considered a special case where Qt.1 and Qt are both set = 1.

  • ESB agrees with the RAs proposal to regulate operational expenditure using an RPI - X approach with revenue cap.

  • The Office of Electricity Regulation ("OFFER") controls the revenues generated by Northern in its distribution and supply businesses by applying a price control formula, P + RPI - X (where X is currently 3% for distribution and 2% for supply), where P is the price level at the beginning of each new regulatory period, RPI is the change in the Retail Price Index and X is an adjustment factor determined by OFFER.

  • At least fifty percent (50%) of the test items on the MCT2 must match the depth-of-knowledge level assigned to that objective.

  • Petitioner notes that Professor Littlechild’s testimony establishes that he designed the regulatory system (RPI - X) that allowed the privatized utilities to realize the higher-than-anticipated profits during the initial period after flotation.

  • Our UK regulated revenues are subject to an RPI + X indexation at the start of each financial year.

  • Bernstein, How to Determine the X in RPI - X Regulation: A User's Guide, Telecommunications Policy, No. 24, February 2000, pages 63-68.

  • In Project Discovery, Ofgem are looking to adapt the industry structure to encourage investment and delivery of the Governments obligations whilst the RPI - X @ 20 consultation assumes that the existing industry structure will allow the new regulatory framework to deliver its objectives.

  • For the purpose of setting revenue for 2009/10 the average RPI + X element of the rate increases was 5.2%4.

  • The Director General of Gas and Electricity Supply ("Regulator") applies a price control formula ("DPCF"), P + RPI - X, where P is the price level at the beginning of each new regulatory period, RPI is the change in the Retail Price Index and X is an adjustment factor determined by the Regulator.

Related to RPI - X

  • ri-pBD means, in relation to any Interest Accrual Period, the applicable Reference Rate as set out in the definition of "r" above for, where "Lag" is specified as the Observation Method in the applicable Final Terms, the Business Day (being a Business Day falling in the relevant Observation Period) falling "p" Business Days prior to the relevant Business Day "i" or, where "Lock-out" or "Observation Shift" is specified as the Observation Method in the applicable Final Terms, the relevant Business Day "i";

  • CPI-U means the consumer price index for urban consumers for the San Francisco- Oakland-San Jose metropolitan statistical area, as determined by the United States Department of Labor, Bureau of Labor Statistics.

  • NI 43-101 means National Instrument 43-101 – Standards of Disclosure for Mineral Projects;

  • NI 58-101 means National Instrument 58-101 Disclosure of Corporate Governance Practices;

  • NI 51-101 means National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities;

  • SIFMA Municipal Swap Index means the Securities Industry and Financial Markets Association Municipal Swap Index, or such other weekly, high-grade index comprised of seven-day, tax-exempt variable rate demand notes produced by Bloomberg or its successor, or as otherwise designated by the Securities Industry and Financial Markets Association; provided, however, that if such index is no longer produced by Bloomberg or its successor, then SIFMA Municipal Swap Index shall mean (i) the S&P Municipal Bond 7 Day High Grade Rate Index produced by Standard & Poor’s Financial Services LLC or its successors or (ii) if the S&P Municipal Bond 7 Day High Grade Rate Index is no longer produced, such other reasonably comparable index selected in good faith by the Board of Trustees of the Fund.]

  • H1, H2 etc means First Highest, Second Highest Offers etc. in Disposal Tenders means

  • €STRi-pTBD means, in respect of any TARGET Business Day falling in the relevant Interest Accrual Period, the €STR for the TARGET Business Day falling “p” TARGET Business Days prior to the relevant TARGET Business Day “i”;

  • SOFR IndexStart means the SOFR Index value on the date that is the number of U.S. Government Securities Business Days specified in the relevant Final Terms preceding the first date of the relevant Interest Accrual Period (a "SOFR Index Determination Date").

  • MI 61-101 means Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions;

  • SOFR Compounded Index means the Compounded SOFR rate as published at 15:00 (New York time) by Federal Reserve Bank of New York (or a successor administrator of SOFR) on the website of the Federal Reserve Bank of New York, or any successor source; and

  • NI 51-102 means National Instrument 51-102 – Continuous Disclosure Obligations;

  • MI 11-102 means Multilateral Instrument 11-102 – Passport System;

  • Cathode ray tube or “CRT” means a vacuum tube, composed primarily of glass, which is the visual or video display component of an electronic device. A “used, intact CRT” means a CRT whose vacuum has not been released. A “used, broken CRT” means glass removed from its housing or casing whose vacuum has been released.

  • SFTR means Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012;

  • NI 41-101 means National Instrument 41-101 – General Prospectus Requirements;

  • NI 81-102 means National Instrument 81-102 – Investment Funds.

  • NI 52-109 means National Instrument 52-109 – Certification of Disclosure in Issuers’ Annual and Interim Filings;

  • Anadromous fish means any species of fish which ascends rivers or streams from the sea for breeding purposes (e.g. Alewife, Salmon, Shad).

  • Standard Turnover means the turnover achieved between the date of commencement of your business and the date of the damage, converted to the selected indemnity period.

  • Percolation test means a subsurface soil test at the depth of a proposed absorption system or similar component of an OWTS to determine the water absorption capability of the soil, the results of which are normally expressed as the rate at which one inch of water is absorbed. The rate is expressed in minutes per inch.

  • Abortion-inducing drug means a drug, medicine, mixture, or preparation, when it is prescribed or administered with the intent to terminate the pregnancy of a woman known to be pregnant.

  • NOPAT means cash adjusted net operating profits after taxes for the Plan Year, calculated as follows:

  • CPI-W is defined as the Consumer Price Index for Urban Wage Earners and Clerical Workers (Area: Boston-Brockton-Nashua, MA-NH-ME-CT; Base Period: 1982-1984+100) as published by the United States Department of Labor, Bureau of Labor Statistics.

  • EU GDPR means Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC.

  • DCYF or the “Division” means the Department of Health and Human Services’ Division for Children, Youth and Families.