Determination of regulated values

(1) During a FTRP, the regulated values, mean electricity rates, tariffs, rates, charges and fees to be applied over the next Full Tariff Period shall be determined by the Commission. (2) The first FTRP shall determine the regulated values for the Full Tariff Period commencing on July 1, 2005 and terminating on June 30, 2009. (3) The second FTRP shall determine the regulated values for the Tariff Period commencing on July 1, 2009 and terminating on June 30, 2016. (4) Subsequent Full Tariff Periods shall commence and terminate, respectively, on the fourth anniversary of the commencement and termination of the previous FTP.