Rateable values for financial years 2000 01 to 2004 054.
(1)
For the purposes of section 6(1) of the 1975 Act, the rateable value of any prescribed class of lands and heritages occupied by a Company for each of the financial year 2000 01 and the four following financial years shall be an amount per megawatt of declared net capacity of the generating plant in or on the lands and heritages set out in column (2) of the following Table in relation to the sole or primary source of energy used by that generating plant, set out in the corresponding entry in column (1):–
Column (1) | Column (2) |
|---|---|
Sole or primary source of energy | £ per megawatt |
The burning of coal | 9,500 |
The burning of oil | 5,000 |
The burning of natural gas where steam is used as part of the generating process | 9,500 |
The burning of natural gas where steam is not used as part of the generating process | 5,000 |
Nuclear fission produced by a Magnox reactor | 6,000 |
Nuclear fission not produced by a Magnox reactor | 14,000 |
Wind power | 5,000 |
Water power | 10,000 |
Tidal power | 5,000 |
The burning of energy crops or animal litter | 8,900 |
The burning of gas from a landfill site | 5,000 |
The burning of refuse | 8,900 |
Any source of energy not listed above | 10,000 |
(2)
Where (apart from this paragraph) any rateable value determined under paragraph (1) above would include a fraction of a pound–
(a)
the fraction shall be made up to one pound if it would exceed 50 pence; and
(b)
the fraction shall be ignored if it would be 50 pence or less.