Examples of Relevant Year t-1 in a sentence
For the purposes of this condition, Allowed Transmission Owner Revenue (OFTOt) shall take the value of zero in all Relevant Years preceding the Commencement Relevant Year (t=1) and thereafter Allowed Transmission Owner Revenue (OFTOt) shall be calculated in accordance with the following formula: OFTOt = BRt + PTt + PAt-Kt (1) where: OFTOt means Allowed Transmission Owner Revenue in the Relevant Year t.
Any submission under paragraph 6 must be made by a date no later than 15 months after the end of Relevant Year t-1 and in any case shall be submitted to the Authority at the same time as the licensee’s Annual Cap and Floor RIGs Submission for Relevant Year t.
For example, in a context where MODt applied in the formula for base revenue in 2015-16, a reference in the same context to Relevant Year t-1 would mean 2014-15 and so on.
In the event that forecasting or reporting errors occur with respect to the value of theICFt term for Relevant Year t-1 calculated in accordance with Part C of this condition, the licensee shall submit, for approval by the Authority, a proposed value for the TRUt term for Relevant Year t to reconcile such errors.
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.