The Ninth Schedule

 

II. Of the cost of production of electricity at a generating station ascertained in accordance with the Eight Schedule, the following costs, charges and allowances in respect : -- 

      (a) of the costs, charges and allowances set out in clause (a) of paragraph I of the said Schedule, portions calculated from the appropriate for mulae set out in paragraph III; 

      (b) the whole of the costs, charges and allowances set out in the remaining clauses of paragraph I of the said Schedule. 

III. The portion of the following costs, charges and allowances to be allocated as fixed costs shall be ascertained from the formula hereinafter set out against each, namely : -- 

 (a) cost of fuel  100           
                        100+12.8L 
 (b) cost of oil, water and stores  100           
                                                  100+9.66L 
 (c) salaries and wages   100           
                                      100+0.38L 
 (d) cost of repairs, maintenance and renewals  100                 
                                                                       100+0.000INL 

Where –

¹[L = the percentage average load factor of the station;]
N = the number of hours during which the station was in commission in the year of account.

       IV. The amount of the difference between the costs of production at a generating station ascertained in accordance with the Eight Schedule and the fixed costs in respect of the year of account determined in accordance with this Schedule shall be allocated as ‘running costs; 

       V. The foregoing provisions of this Schedule shall not apply in any case where it is agreed between the Board and the owner of the station that the circumstances or conditions of operation in the station, whether temporary or continuing, are such that the said provisions ought not reasonably to be applied; and in such case the allocation between fixed costs and running costs shall be made in such manner as the Board and the said owner may agree.