Fixation and adjustment of tariffs

(1) The Business Plan and the Tariffs for the Full Tariff Period shall be based on and be in harmony with the Regulatory Model and the Regulated Rate of Return which will include forecast of the cost of providing water supply sewerage services in Belize. (2) The Tariffs shall be adjusted during the Full Tariff Review Proceeding to recover revenues from the licensee or rebate to the licensee over the Full Tariff Period, accordingly as the licensee’s revenues are in excess of or less than revenues required to give effect to the Regulated Rate of Return over the license period.