Rate adjustments

(1) The regulated values, mean electricity rates, tariffs, rates, charges and fees in effect during the previous ATP shall remain in effect pending the final decision of the Commission in accordance with byelaw 33 above. (2) The regulated values, mean electricity rates, tariffs, rates, charges and fees determined by the Commission in the final decision shall become effective on the first day of the ATP regardless of the date upon which the Commission’s final decision is issued. (3) The licensee shall, in accordance with the directions of the Commission, rebate to or recover from consumers any excess or shortfall in revenues arising as a result of the Commission’s final decision being issued after the first day of the ATP in subsequent customer bills. (Part V repealed by S.I. 116 of 2009) 40. The licensee shall establish an account, to be known as the Cost of Power Rate Stabilisation Account (the “CPRSA”), to regulate the manner in which increases or decreases in the Cost of Power are passed on to customers, but only to the extent that such increases or decreases in the Cost of Power are not Electricity 41 reflected in the Reference Cost of Power determined by the Commission in a FTRP or an ARP. 41. The licensee may, with the approval of the Commission, provide for such other rate stabilisation accounts as are appropriate to avoid large short-term fluctuations in the prices charged to customers including, without limitation, accounts providing for the regulated and orderly pass through of costs resulting from Force Majeure. 41A. Subject to bye-law 4(1), the Commission may, in any decision issued in relation to any FTRP or ARP. make provisions for the winding up of any rate stabilisation account.