Price payable by licensee

The price payable by the licensee in respect of each year of account for the quantity of electricity specified in para. X shall be- (a) In respect of kilowatts, a fixed charge equal to the sum of- (i) An amount calculated from the expression “A +A*B” 2 2 C (ii) An amount calculated from the expression “ B x D,, C (iii) The annual charges by way of interest and depreciation ascertained in respect of the year of account under para. IX, where A= One-third of the total costs during the basic years under heads (ii), (iii), (iv) and (vi) set out in Cl. (a) of para. VIII ; B= The agreed effective capacity for the year of account; C= One-third of the sum of the actual effective capacities [ascertained under Cl. (b) of para. VIII ]for each of the basic years; D=One-third of the total costs during the basic years under head (v) set out in Cl. (a) of para. VIII ; (b) In respect of kilowatt-hours, a running charge per kilowatt-hour ascertained- (i) By multiplying the total number of tons of fuel consumed in the station in the basic years by the estimate agreed between the Board and the licensee of the cost per ton which would have been incurred in delivering and handling the same quantity of fuel of equivalent calorific value to the furnaces in the station during the year of account, had the station remained in the ownership of the licensee, and (ii) By dividing the total cost so found by the total number of units sent out from the station in the basic years.