{"text_format":"1","workbook":"xlsx","n_sheets":17,"sheets":["Cover","Input","Pre_Op_RAV","Finance","Op_RAV","AllowancesCap","AllowancesFloor","Deductions","TaxCap","TaxFloor","Availability","Assessment","Output","download from BoE","download from iBoxx","Market data","RPI and currency"],"not_rendered":{"charts":4,"images":0,"macros":1,"external_links":1,"defined_names":85,"comments":2,"pivot_tables":0},"unopened":[],"bounds":{"document_bytes":16777216,"sheet_cells":100000,"rows_first":2000,"rows_last":500,"rows_between":2000,"halvings":0,"cell_chars":16384,"cell_head_chars":4096},"cells_cut":0,"cells_raw":0,"read":"whole","date_system":"1900"}

{"sheet":"Cover","index":0,"n_rows":43,"n_cols":7,"rows_kept":43,"cut":false,"hidden":false,"merged":[[3,2,3,6]]}
["Standard cap and floor financial model"]
[null,"Regime design model"]
[null,null,{"$f":"MID(CELL(\"filename\"),SEARCH(\"[\",CELL(\"filename\"))+1,SEARCH(\"]\",CELL(\"filename\"))-SEARCH(\"[\",CELL(\"filename\"))-1)","v":"Cap and floor financial model - IFA2 FPA.xlsm"}]
[null,null,"DISCLAIMER: The inputs used in this model are purely illustrative. No inference should be made about the regulatory settlement for any interconnector's costs, e.g. capital expenditure or operating expenditure, and hence the level of the cap and floor. This illustrative nature extends to the cost of capital inputs, since under our proposed methodology these will be only known at financial close."]
[]
[null,"Model key"]
[]
[null,null,null,null,"Sample",null,"Calculated value"]
[null,null,null,null,"Sample",null,"Import"]
[null,null,null,null,"Sample",null,"Export"]
[null,null,null,null,"Sample",null,"Formula change in cells to the right"]
[null,null,null,null,"Sample",null,"Initial inputs"]
[null,null,null,null,"Sample",null,"Updated inputs"]
[null,null,null,null,"Sample",null,"Notes and instructions"]
[null,null,null,null,"Sample",null,"Cell intentionally blank"]
[]
[null,"Contents"]
[]
[null,null,null,null,"INTERFACE >"]
[null,null,null,null,"Cover",null,"Model key and content directory"]
[null,null,null,null,"Input",null,"Inputs"]
[null,null,null,null,"CALCULATION >"]
[null,null,null,null,"Pre_Op_RAV",null,"Pre-operational RAV balances"]
[null,null,null,null,"Finance",null,"RAV IDC and transaction costs"]
[null,null,null,null,"Op_RAV",null,"Operational RAV balances, return and depreciation"]
[null,null,null,null,"AllowancesCap",null,"Cap allowances and annuitisation"]
[null,null,null,null,"AllowancesFloor",null,"Floor allowances and annuitisation"]
[null,null,null,null,"Deductions",null,"Tax depreciation and interest calculations"]
[null,null,null,null,"TaxCap",null,"Tax allowance calculation with cap returns"]
[null,null,null,null,"TaxFloor",null,"Tax allowance calculation with floor returns"]
[null,null,null,null,"Availability",null,"Availability incentive calculations"]
[null,null,null,null,"Assessment",null,"Assessment of the cap and the floor"]
[null,null,null,null,"OUTPUTS >"]
[null,null,null,null,"Output",null,"Cap and floor values and adjustments"]
[null,null,null,null,"DATA >"]
[null,null,null,null,"Download from BoE"]
[null,null,null,null,"Download from iBoxx"]
[null,null,null,null,"Market data"]
[null,null,null,null,"RPI and currency"]
[]
[]
[]
[null,"End of sheet"]

{"sheet":"Input","index":1,"n_rows":125,"n_cols":50,"rows_kept":125,"cut":false,"hidden":false,"merged":[]}
["Input",null,null,null,null,null,null,"Licence"]
[null,null,null,null,"Parameter",null,"Units","Terminology","Constant",null,"Annual values"]
[]
[null,"Variables set after financial close"]
[]
[null,null,"Actual value"]
[]
[null,null,null,null,"Project year",null,null,null,null,null,{"$f":" - $I$115 + 1","v":-10},{"$f":"K8 + 1","v":-9},{"$f":"L8 + 1","v":-8},{"$f":"M8 + 1","v":-7},{"$f":"N8 + 1","v":-6},{"$f":"O8 + 1","v":-5},{"$f":"P8 + 1","v":-4},{"$f":"Q8 + 1","v":-3},{"$f":"R8 + 1","v":-2},{"$f":"S8 + 1","v":-1},{"$f":"T8 + 1","v":0},{"$f":"U8 + 1","v":1},{"$f":"V8 + 1","v":2},{"$f":"W8 + 1","v":3},{"$f":"X8 + 1","v":4},{"$f":"Y8 + 1","v":5},{"$f":"Z8 + 1","v":6},{"$f":"AA8 + 1","v":7},{"$f":"AB8 + 1","v":8},{"$f":"AC8 + 1","v":9},{"$f":"AD8 + 1","v":10},{"$f":"AE8 + 1","v":11},{"$f":"AF8 + 1","v":12},{"$f":"AG8 + 1","v":13},{"$f":"AH8 + 1","v":14},{"$f":"AI8 + 1","v":15},{"$f":"AJ8 + 1","v":16},{"$f":"AK8 + 1","v":17},{"$f":"AL8 + 1","v":18},{"$f":"AM8 + 1","v":19},{"$f":"AN8 + 1","v":20},{"$f":"AO8 + 1","v":21},{"$f":"AP8 + 1","v":22},{"$f":"AQ8 + 1","v":23},{"$f":"AR8 + 1","v":24},{"$f":"AS8 + 1","v":25},{"$f":"AT8 + 1","v":26},{"$f":"AU8 + 1","v":27},{"$f":"AV8 + 1","v":28},{"$f":"AW8 + 1","v":29}]
[null,null,null,null,"Year commencing",null,null,null,null,null,{"$f":"$I$106","v":"2009-04-01"},{"$f":"+K10+1","v":"2010-04-01"},{"$f":"+L10+1","v":"2011-04-01"},{"$f":"+M10+1","v":"2012-04-01"},{"$f":"+N10+1","v":"2013-04-01"},{"$f":"+O10+1","v":"2014-04-01"},{"$f":"+P10+1","v":"2015-04-01"},{"$f":"+Q10+1","v":"2016-04-01"},{"$f":"+R10+1","v":"2017-04-01"},{"$f":"+S10+1","v":"2018-04-01"},{"$f":"+T10+1","v":"2019-04-01"},{"$f":"+U10+1","v":"2020-04-01"},{"$f":"+V10+1","v":"2021-04-01"},{"$f":"+W10+1","v":"2022-04-01"},{"$f":"+X10+1","v":"2023-04-01"},{"$f":"+Y10+1","v":"2024-04-01"},{"$f":"+Z10+1","v":"2025-04-01"},{"$f":"+AA10+1","v":"2026-04-01"},{"$f":"+AB10+1","v":"2027-04-01"},{"$f":"+AC10+1","v":"2028-04-01"},{"$f":"+AD10+1","v":"2029-04-01"},{"$f":"+AE10+1","v":"2030-04-01"},{"$f":"+AF10+1","v":"2031-04-01"},{"$f":"+AG10+1","v":"2032-04-01"},{"$f":"+AH10+1","v":"2033-04-01"},{"$f":"+AI10+1","v":"2034-04-01"},{"$f":"+AJ10+1","v":"2035-04-01"},{"$f":"+AK10+1","v":"2036-04-01"},{"$f":"+AL10+1","v":"2037-04-01"},{"$f":"+AM10+1","v":"2038-04-01"},{"$f":"+AN10+1","v":"2039-04-01"},{"$f":"+AO10+1","v":"2040-04-01"},{"$f":"+AP10+1","v":"2041-04-01"},{"$f":"+AQ10+1","v":"2042-04-01"},{"$f":"+AR10+1","v":"2043-04-01"},{"$f":"+AS10+1","v":"2044-04-01"},{"$f":"+AT10+1","v":"2045-04-01"},{"$f":"+AU10+1","v":"2046-04-01"},{"$f":"+AV10+1","v":"2047-04-01"},{"$f":"+AW10+1","v":"2048-04-01"}]
[null,null,null,null,"Year ending",null,null,null,null,null,{"$f":"EOMONTH(K9,11)","v":"2010-03-31"},{"$f":"DATE(YEAR(K10) + 1, MONTH(K10), DAY(K10))","v":"2011-03-31"},{"$f":"DATE(YEAR(L10) + 1, MONTH(L10), DAY(L10))","v":"2012-03-31"},{"$f":"DATE(YEAR(M10) + 1, MONTH(M10), DAY(M10))","v":"2013-03-31"},{"$f":"DATE(YEAR(N10) + 1, MONTH(N10), DAY(N10))","v":"2014-03-31"},{"$f":"DATE(YEAR(O10) + 1, MONTH(O10), DAY(O10))","v":"2015-03-31"},{"$f":"DATE(YEAR(P10) + 1, MONTH(P10), DAY(P10))","v":"2016-03-31"},{"$f":"DATE(YEAR(Q10) + 1, MONTH(Q10), DAY(Q10))","v":"2017-03-31"},{"$f":"DATE(YEAR(R10) + 1, MONTH(R10), DAY(R10))","v":"2018-03-31"},{"$f":"DATE(YEAR(S10) + 1, MONTH(S10), DAY(S10))","v":"2019-03-31"},{"$f":"DATE(YEAR(T10) + 1, MONTH(T10), DAY(T10))","v":"2020-03-31"},{"$f":"DATE(YEAR(U10) + 1, MONTH(U10), DAY(U10))","v":"2021-03-31"},{"$f":"DATE(YEAR(V10) + 1, MONTH(V10), DAY(V10))","v":"2022-03-31"},{"$f":"DATE(YEAR(W10) + 1, MONTH(W10), DAY(W10))","v":"2023-03-31"},{"$f":"DATE(YEAR(X10) + 1, MONTH(X10), DAY(X10))","v":"2024-03-31"},{"$f":"DATE(YEAR(Y10) + 1, MONTH(Y10), DAY(Y10))","v":"2025-03-31"},{"$f":"DATE(YEAR(Z10) + 1, MONTH(Z10), DAY(Z10))","v":"2026-03-31"},{"$f":"DATE(YEAR(AA10) + 1, MONTH(AA10), DAY(AA10))","v":"2027-03-31"},{"$f":"DATE(YEAR(AB10) + 1, MONTH(AB10), DAY(AB10))","v":"2028-03-31"},{"$f":"DATE(YEAR(AC10) + 1, MONTH(AC10), DAY(AC10))","v":"2029-03-31"},{"$f":"DATE(YEAR(AD10) + 1, MONTH(AD10), DAY(AD10))","v":"2030-03-31"},{"$f":"DATE(YEAR(AE10) + 1, MONTH(AE10), DAY(AE10))","v":"2031-03-31"},{"$f":"DATE(YEAR(AF10) + 1, MONTH(AF10), DAY(AF10))","v":"2032-03-31"},{"$f":"DATE(YEAR(AG10) + 1, MONTH(AG10), DAY(AG10))","v":"2033-03-31"},{"$f":"DATE(YEAR(AH10) + 1, MONTH(AH10), DAY(AH10))","v":"2034-03-31"},{"$f":"DATE(YEAR(AI10) + 1, MONTH(AI10), DAY(AI10))","v":"2035-03-31"},{"$f":"DATE(YEAR(AJ10) + 1, MONTH(AJ10), DAY(AJ10))","v":"2036-03-31"},{"$f":"DATE(YEAR(AK10) + 1, MONTH(AK10), DAY(AK10))","v":"2037-03-31"},{"$f":"DATE(YEAR(AL10) + 1, MONTH(AL10), DAY(AL10))","v":"2038-03-31"},{"$f":"DATE(YEAR(AM10) + 1, MONTH(AM10), DAY(AM10))","v":"2039-03-31"},{"$f":"DATE(YEAR(AN10) + 1, MONTH(AN10), DAY(AN10))","v":"2040-03-31"},{"$f":"DATE(YEAR(AO10) + 1, MONTH(AO10), DAY(AO10))","v":"2041-03-31"},{"$f":"DATE(YEAR(AP10) + 1, MONTH(AP10), DAY(AP10))","v":"2042-03-31"},{"$f":"DATE(YEAR(AQ10) + 1, MONTH(AQ10), DAY(AQ10))","v":"2043-03-31"},{"$f":"DATE(YEAR(AR10) + 1, MONTH(AR10), DAY(AR10))","v":"2044-03-31"},{"$f":"DATE(YEAR(AS10) + 1, MONTH(AS10), DAY(AS10))","v":"2045-03-31"},{"$f":"DATE(YEAR(AT10) + 1, MONTH(AT10), DAY(AT10))","v":"2046-03-31"},{"$f":"DATE(YEAR(AU10) + 1, MONTH(AU10), DAY(AU10))","v":"2047-03-31"},{"$f":"DATE(YEAR(AV10) + 1, MONTH(AV10), DAY(AV10))","v":"2048-03-31"},{"$f":"DATE(YEAR(AW10) + 1, MONTH(AW10), DAY(AW10))","v":"2049-03-31"}]
[]
[]
[null,null,null,null,"Development costs",null,"£m 13/14 prices",null,null,null,0,4.7701E-2,0.27407900000000002,0.72406400000000004,1.12801,1.847526,3.7083689999999998,2.0764499999999999,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[]
[null,null,null,null,"Development costs",null,"£m 16/17 prices",null,null,null,{"$f":"K13*($I$96/$O$97)","v":0},{"$f":"L13*($I$96/$O$97)","v":5.0213453905526895E-2},0.2885149836056457,0.76220109198237829,1.1874232854651556,1.9448368302606336,3.9036920787024352,2.1858184600350374,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"AU13*$P97/$N97","v":0},{"$f":"AV13*$P97/$N97","v":0},{"$f":"AW13*$P97/$N97","v":0},{"$f":"AX13*$P97/$N97","v":0}]
[null,null,null,null,"Capex",null,"£m 16/17 prices",null,null,null,0,0,0,0,0,0,0,0.88298600000000005,58.822369999999999,116.666132,118.348252,18.251214999999998,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Spares",null,"£m 16/17 prices",null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Non-controllable opex (actual)",null,"£m 16/17 prices",null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[]
[null,null,null,null,"Gross congestion revenues (net of market-related costs)",null,"£m nominal prices",null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Gross congestion revenues (net of market-related costs)",null,"€m nominal prices",null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,null,null,null,"Gross congestion revenues (net of market-related costs)",null,"£m nominal prices","NARt",null,null,0,0,0,0,0,0,0,0,0,0,0,{"$f":"AVERAGE(Availability!V11, Availability!V12)*V97/$I$96","v":44.457618087097821},{"$f":"AVERAGE(Availability!W11, Availability!W12)*W97/$I$96","v":45.89804491311979},{"$f":"AVERAGE(Availability!X11, Availability!X12)*X97/$I$96","v":47.385141568304867},{"$f":"AVERAGE(Availability!Y11, Availability!Y12)*Y97/$I$96","v":48.920420155117945},{"$f":"AVERAGE(Availability!Z11, Availability!Z12)*Z97/$I$96","v":50.505441768143768},{"$f":"AVERAGE(Availability!AA11, Availability!AA12)*AA97/$I$96","v":52.141818081431623},{"$f":"AVERAGE(Availability!AB11, Availability!AB12)*AB97/$I$96","v":53.83121298727},{"$f":"AVERAGE(Availability!AC11, Availability!AC12)*AC97/$I$96","v":55.575344288057551},{"$f":"AVERAGE(Availability!AD11, Availability!AD12)*AD97/$I$96","v":57.375985442990611},{"$f":"AVERAGE(Availability!AE11, Availability!AE12)*AE97/$I$96","v":59.234967371343508},{"$f":"AVERAGE(Availability!AF11, Availability!AF12)*AF97/$I$96","v":61.154180314175036},{"$f":"AVERAGE(Availability!AG11, Availability!AG12)*AG97/$I$96","v":63.135575756354307},{"$f":"AVERAGE(Availability!AH11, Availability!AH12)*AH97/$I$96","v":65.181168410860181},{"$f":"AVERAGE(Availability!AI11, Availability!AI12)*AI97/$I$96","v":67.293038267372054},{"$f":"AVERAGE(Availability!AJ11, Availability!AJ12)*AJ97/$I$96","v":69.473332707234903},{"$f":"AVERAGE(Availability!AK11, Availability!AK12)*AK97/$I$96","v":71.724268686949316},{"$f":"AVERAGE(Availability!AL11, Availability!AL12)*AL97/$I$96","v":74.048134992406474},{"$f":"AVERAGE(Availability!AM11, Availability!AM12)*AM97/$I$96","v":76.447294566160451},{"$f":"AVERAGE(Availability!AN11, Availability!AN12)*AN97/$I$96","v":78.924186910104027},{"$f":"AVERAGE(Availability!AO11, Availability!AO12)*AO97/$I$96","v":81.481330565991414},{"$f":"AVERAGE(Availability!AP11, Availability!AP12)*AP97/$I$96","v":84.121325676329519},{"$f":"AVERAGE(Availability!AQ11, Availability!AQ12)*AQ97/$I$96","v":86.846856628242605},{"$f":"AVERAGE(Availability!AR11, Availability!AR12)*AR97/$I$96","v":89.660694782997652},{"$f":"AVERAGE(Availability!AS11, Availability!AS12)*AS97/$I$96","v":92.565701293966796},{"$f":"AVERAGE(Availability!AT11, Availability!AT12)*AT97/$I$96","v":95.564830015891303},{"$f":"AVERAGE(Availability!AU11, Availability!AU12)*AU97/$I$96","v":98.661130508406188},{"$f":"AVERAGE(Availability!AV11, Availability!AV12)*AV97/$I$96","v":101.85775113687856},{"$f":"AVERAGE(Availability!AW11, Availability!AW12)*AW97/$I$96","v":105.1579422737134},{"$f":"AVERAGE(Availability!AX11, Availability!AX12)*AX97/$I$96","v":108.56505960338173}]
[null,null,null,null,"Within-period adjustment (assessed)",null,"£m nominal","WPAt",null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,null,"Ex ante allowance - Operational Period"]
[null,null,null,null,"Operational Year",null,null,null,null,null,"Year 1","Year 2","Year 3","Year 4","Year 5","Year 6","Year 7","Year 8","Year 9","Year 10","Year 11","Year 12","Year 13","Year 14","Year 15","Year 16","Year 17","Year 18","Year 19","Year 20","Year 21","Year 22","Year 23","Year 24","Year 25"]
[]
[null,null,null,null,"Replacement capex",null,"£m 16/17 prices",null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,7.37,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Decommissioning baseline / actual",null,"£m 16/17 prices",null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,5.37]
[null,null,null,null,"Controllable opex",null,"£m 16/17 prices",null,null,null,10.94778,10.94778,10.94778,10.94778,10.94778,10.94778,10.94778,10.94778,10.94778,10.94778,10.94778,10.94778,10.94778,10.94778,10.94778,10.94778,10.94778,10.94778,10.94778,10.94778,10.94778,10.94778,10.94778,10.94778,10.94778]
[null,null,null,null,"Non-controllable opex (baseline)",null,"£m 16/17 prices",null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Opex re-assessment adjustment ",null,"£m 16/17 prices",null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[]
[null,"Variables set at financial close"]
[]
[null,null,"Finance"]
[]
[null,null,null,null,"Cap returns",null,"real annual %",null,{"$f":"'Market data'!I31","v":8.0999999999999989E-2}]
[null,null,null,null,"Floor returns",null,"real annual %",null,{"$f":"'Market data'!I49","v":-2.0999999999999999E-3}]
[null,null,null,null,"Operational discount rate",null,"real annual %",null,{"$f":"(I42 + I43) / 2","v":3.9449999999999992E-2}]
[null,null,null,null,"Interest during construction",null,"real annual %",null,{"$f":"'Market data'!I75","v":6.7500000000000004E-2}]
[null,null,null,null,"Cost of debt (for tax)",null,"real annual %",null,{"$f":"I43","v":-2.0999999999999999E-3}]
[null,null,null,null,"Pre-operational notional gearing",null,"%",null,{"$f":"'Market data'!I77","v":0.40610000000000002}]
[null,null,null,null,"Operational notional gearing",null,"%",null,{"$f":"'Market data'!I14","v":0.5}]
[]
[null,null,null,null,"Equity transaction costs",null,"%",null,0.05]
[null,null,null,null,"Debt transaction costs",null,"%",null,2.5000000000000001E-2]
[]
[null,null,"Availability incentive"]
[null,null,null,null,"Project year",null,null,null,null,null,{"$f":" - $I$115 + 1","v":-10},{"$f":"K54 + 1","v":-9},{"$f":"L54 + 1","v":-8},{"$f":"M54 + 1","v":-7},{"$f":"N54 + 1","v":-6},{"$f":"O54 + 1","v":-5},{"$f":"P54 + 1","v":-4},{"$f":"Q54 + 1","v":-3},{"$f":"R54 + 1","v":-2},{"$f":"S54 + 1","v":-1},{"$f":"T54 + 1","v":0},{"$f":"U54 + 1","v":1},{"$f":"V54 + 1","v":2},{"$f":"W54 + 1","v":3},{"$f":"X54 + 1","v":4},{"$f":"Y54 + 1","v":5},{"$f":"Z54 + 1","v":6},{"$f":"AA54 + 1","v":7},{"$f":"AB54 + 1","v":8},{"$f":"AC54 + 1","v":9},{"$f":"AD54 + 1","v":10},{"$f":"AE54 + 1","v":11},{"$f":"AF54 + 1","v":12},{"$f":"AG54 + 1","v":13},{"$f":"AH54 + 1","v":14},{"$f":"AI54 + 1","v":15},{"$f":"AJ54 + 1","v":16},{"$f":"AK54 + 1","v":17},{"$f":"AL54 + 1","v":18},{"$f":"AM54 + 1","v":19},{"$f":"AN54 + 1","v":20},{"$f":"AO54 + 1","v":21},{"$f":"AP54 + 1","v":22},{"$f":"AQ54 + 1","v":23},{"$f":"AR54 + 1","v":24},{"$f":"AS54 + 1","v":25},{"$f":"AT54 + 1","v":26},{"$f":"AU54 + 1","v":27},{"$f":"AV54 + 1","v":28},{"$f":"AW54 + 1","v":29}]
[null,null,null,null,"Year commencing",null,null,null,null,null,{"$f":"$I$106","v":"2009-04-01"},{"$f":"+K56+1","v":"2010-04-01"},{"$f":"+L56+1","v":"2011-04-01"},{"$f":"+M56+1","v":"2012-04-01"},{"$f":"+N56+1","v":"2013-04-01"},{"$f":"+O56+1","v":"2014-04-01"},{"$f":"+P56+1","v":"2015-04-01"},{"$f":"+Q56+1","v":"2016-04-01"},{"$f":"+R56+1","v":"2017-04-01"},{"$f":"+S56+1","v":"2018-04-01"},{"$f":"+T56+1","v":"2019-04-01"},{"$f":"+U56+1","v":"2020-04-01"},{"$f":"+V56+1","v":"2021-04-01"},{"$f":"+W56+1","v":"2022-04-01"},{"$f":"+X56+1","v":"2023-04-01"},{"$f":"+Y56+1","v":"2024-04-01"},{"$f":"+Z56+1","v":"2025-04-01"},{"$f":"+AA56+1","v":"2026-04-01"},{"$f":"+AB56+1","v":"2027-04-01"},{"$f":"+AC56+1","v":"2028-04-01"},{"$f":"+AD56+1","v":"2029-04-01"},{"$f":"+AE56+1","v":"2030-04-01"},{"$f":"+AF56+1","v":"2031-04-01"},{"$f":"+AG56+1","v":"2032-04-01"},{"$f":"+AH56+1","v":"2033-04-01"},{"$f":"+AI56+1","v":"2034-04-01"},{"$f":"+AJ56+1","v":"2035-04-01"},{"$f":"+AK56+1","v":"2036-04-01"},{"$f":"+AL56+1","v":"2037-04-01"},{"$f":"+AM56+1","v":"2038-04-01"},{"$f":"+AN56+1","v":"2039-04-01"},{"$f":"+AO56+1","v":"2040-04-01"},{"$f":"+AP56+1","v":"2041-04-01"},{"$f":"+AQ56+1","v":"2042-04-01"},{"$f":"+AR56+1","v":"2043-04-01"},{"$f":"+AS56+1","v":"2044-04-01"},{"$f":"+AT56+1","v":"2045-04-01"},{"$f":"+AU56+1","v":"2046-04-01"},{"$f":"+AV56+1","v":"2047-04-01"},{"$f":"+AW56+1","v":"2048-04-01"}]
[null,null,null,null,"Year ending",null,null,null,null,null,{"$f":"EOMONTH(K55,11)","v":"2010-03-31"},{"$f":"DATE(YEAR(K56) + 1, MONTH(K56), DAY(K56))","v":"2011-03-31"},{"$f":"DATE(YEAR(L56) + 1, MONTH(L56), DAY(L56))","v":"2012-03-31"},{"$f":"DATE(YEAR(M56) + 1, MONTH(M56), DAY(M56))","v":"2013-03-31"},{"$f":"DATE(YEAR(N56) + 1, MONTH(N56), DAY(N56))","v":"2014-03-31"},{"$f":"DATE(YEAR(O56) + 1, MONTH(O56), DAY(O56))","v":"2015-03-31"},{"$f":"DATE(YEAR(P56) + 1, MONTH(P56), DAY(P56))","v":"2016-03-31"},{"$f":"DATE(YEAR(Q56) + 1, MONTH(Q56), DAY(Q56))","v":"2017-03-31"},{"$f":"DATE(YEAR(R56) + 1, MONTH(R56), DAY(R56))","v":"2018-03-31"},{"$f":"DATE(YEAR(S56) + 1, MONTH(S56), DAY(S56))","v":"2019-03-31"},{"$f":"DATE(YEAR(T56) + 1, MONTH(T56), DAY(T56))","v":"2020-03-31"},{"$f":"DATE(YEAR(U56) + 1, MONTH(U56), DAY(U56))","v":"2021-03-31"},{"$f":"DATE(YEAR(V56) + 1, MONTH(V56), DAY(V56))","v":"2022-03-31"},{"$f":"DATE(YEAR(W56) + 1, MONTH(W56), DAY(W56))","v":"2023-03-31"},{"$f":"DATE(YEAR(X56) + 1, MONTH(X56), DAY(X56))","v":"2024-03-31"},{"$f":"DATE(YEAR(Y56) + 1, MONTH(Y56), DAY(Y56))","v":"2025-03-31"},{"$f":"DATE(YEAR(Z56) + 1, MONTH(Z56), DAY(Z56))","v":"2026-03-31"},{"$f":"DATE(YEAR(AA56) + 1, MONTH(AA56), DAY(AA56))","v":"2027-03-31"},{"$f":"DATE(YEAR(AB56) + 1, MONTH(AB56), DAY(AB56))","v":"2028-03-31"},{"$f":"DATE(YEAR(AC56) + 1, MONTH(AC56), DAY(AC56))","v":"2029-03-31"},{"$f":"DATE(YEAR(AD56) + 1, MONTH(AD56), DAY(AD56))","v":"2030-03-31"},{"$f":"DATE(YEAR(AE56) + 1, MONTH(AE56), DAY(AE56))","v":"2031-03-31"},{"$f":"DATE(YEAR(AF56) + 1, MONTH(AF56), DAY(AF56))","v":"2032-03-31"},{"$f":"DATE(YEAR(AG56) + 1, MONTH(AG56), DAY(AG56))","v":"2033-03-31"},{"$f":"DATE(YEAR(AH56) + 1, MONTH(AH56), DAY(AH56))","v":"2034-03-31"},{"$f":"DATE(YEAR(AI56) + 1, MONTH(AI56), DAY(AI56))","v":"2035-03-31"},{"$f":"DATE(YEAR(AJ56) + 1, MONTH(AJ56), DAY(AJ56))","v":"2036-03-31"},{"$f":"DATE(YEAR(AK56) + 1, MONTH(AK56), DAY(AK56))","v":"2037-03-31"},{"$f":"DATE(YEAR(AL56) + 1, MONTH(AL56), DAY(AL56))","v":"2038-03-31"},{"$f":"DATE(YEAR(AM56) + 1, MONTH(AM56), DAY(AM56))","v":"2039-03-31"},{"$f":"DATE(YEAR(AN56) + 1, MONTH(AN56), DAY(AN56))","v":"2040-03-31"},{"$f":"DATE(YEAR(AO56) + 1, MONTH(AO56), DAY(AO56))","v":"2041-03-31"},{"$f":"DATE(YEAR(AP56) + 1, MONTH(AP56), DAY(AP56))","v":"2042-03-31"},{"$f":"DATE(YEAR(AQ56) + 1, MONTH(AQ56), DAY(AQ56))","v":"2043-03-31"},{"$f":"DATE(YEAR(AR56) + 1, MONTH(AR56), DAY(AR56))","v":"2044-03-31"},{"$f":"DATE(YEAR(AS56) + 1, MONTH(AS56), DAY(AS56))","v":"2045-03-31"},{"$f":"DATE(YEAR(AT56) + 1, MONTH(AT56), DAY(AT56))","v":"2046-03-31"},{"$f":"DATE(YEAR(AU56) + 1, MONTH(AU56), DAY(AU56))","v":"2047-03-31"},{"$f":"DATE(YEAR(AV56) + 1, MONTH(AV56), DAY(AV56))","v":"2048-03-31"},{"$f":"DATE(YEAR(AW56) + 1, MONTH(AW56), DAY(AW56))","v":"2049-03-31"}]
[]
[null,null,null,null,"Interconnector Rated Capacity",null,"MW","RC",1000]
[null,null,null,null,"Number of Hours in Relevant Year",null,"hours pa",null,{"$f":"365.25*24","v":8766}]
[]
[null,null,null,null,"Cap availability incentive ratio",null,"ratio",null,1]
[null,null,null,null,"Cap availability incentive target",null,"%",null,0.96589999999999998]
[null,null,null,null,"Cap availability incentive upper limit",null,"scalar",null,1.02]
[null,null,null,null,"Cap availability incentive lower limit",null,"scalar",null,0.98]
[]
[null,null,null,null,"Total Interconnector Outages during Active Cap period",null,"MWh",null,null,null,0,{"$f":"ABS(0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Allowed Outages during Active Cap period",null,"MWh",null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Total Interconnector Outages less Allowed Outages during Active Cap period",null,"MWh","IOt",null,null,{"$f":"K66-K67","v":0},0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"X66-X67","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Total Interconnector Outages during Active Floor period",null,"MWh",null,null,null,{"$f":"K67-K68","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Allowed Outages during Active Floor period",null,"MWh",null,null,null,{"$f":"K68-K69","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Total Interconnector Outages less Allowed Outages during Active Floor period",null,"MWh","IOt",null,null,{"$f":"K69-K70","v":0},0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"X69-X70","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Outages associated with Exceptional Events",null,"MWh",null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"AA70-AA71","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,null,null,null,"Floor availability incentive target",null,"%",null,0.8]
[]
[null,null,"Tax - Operational Period"]
[]
[null,null,null,null,"Operational Year",null,null,null,null,null,"Year 1","Year 2","Year 3","Year 4","Year 5","Year 6","Year 7","Year 8","Year 9","Year 10","Year 11","Year 12","Year 13","Year 14","Year 15","Year 16","Year 17","Year 18","Year 19","Year 20","Year 21","Year 22","Year 23","Year 24","Year 25"]
[]
[null,null,null,null,"Corporation tax rate",null,"%",null,null,null,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17]
[null,null,null,null,"Capital allowance rate (declining balance)",null,"%",null,null,null,0.08,0.08,{"$f":"L81","v":0.08},{"$f":"M81","v":0.08},{"$f":"N81","v":0.08},{"$f":"O81","v":0.08},{"$f":"P81","v":0.08},{"$f":"Q81","v":0.08},{"$f":"R81","v":0.08},{"$f":"S81","v":0.08},{"$f":"T81","v":0.08},{"$f":"U81","v":0.08},{"$f":"V81","v":0.08},{"$f":"W81","v":0.08},{"$f":"X81","v":0.08},{"$f":"Y81","v":0.08},{"$f":"Z81","v":0.08},{"$f":"AA81","v":0.08},{"$f":"AB81","v":0.08},{"$f":"AC81","v":0.08},{"$f":"AD81","v":0.08},{"$f":"AE81","v":0.08},{"$f":"AF81","v":0.08},{"$f":"AG81","v":0.08},{"$f":"AH81","v":0.08}]
[]
[]
[]
[null,null,null,null,"Corporation tax rate",null,"%",null,null,null,null,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,{"$f":"Y85","v":0.17},0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17,0.17]
[null,null,null,null,"Capital allowance rate (declining balance)",null,"%",null,null,null,null,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,{"$f":"W86","v":0.08},{"$f":"X86","v":0.08},0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08,0.08]
[]
[null,null,"Inflation & currency"]
[null,null,null,null,"Project year",null,null,null,null,null,{"$f":" - $I$115 + 1","v":-10},{"$f":"K89 + 1","v":-9},{"$f":"L89 + 1","v":-8},{"$f":"M89 + 1","v":-7},{"$f":"N89 + 1","v":-6},{"$f":"O89 + 1","v":-5},{"$f":"P89 + 1","v":-4},{"$f":"Q89 + 1","v":-3},{"$f":"R89 + 1","v":-2},{"$f":"S89 + 1","v":-1},{"$f":"T89 + 1","v":0},{"$f":"U89 + 1","v":1},{"$f":"V89 + 1","v":2},{"$f":"W89 + 1","v":3},{"$f":"X89 + 1","v":4},{"$f":"Y89 + 1","v":5},{"$f":"Z89 + 1","v":6},{"$f":"AA89 + 1","v":7},{"$f":"AB89 + 1","v":8},{"$f":"AC89 + 1","v":9},{"$f":"AD89 + 1","v":10},{"$f":"AE89 + 1","v":11},{"$f":"AF89 + 1","v":12},{"$f":"AG89 + 1","v":13},{"$f":"AH89 + 1","v":14},{"$f":"AI89 + 1","v":15},{"$f":"AJ89 + 1","v":16},{"$f":"AK89 + 1","v":17},{"$f":"AL89 + 1","v":18},{"$f":"AM89 + 1","v":19},{"$f":"AN89 + 1","v":20},{"$f":"AO89 + 1","v":21},{"$f":"AP89 + 1","v":22},{"$f":"AQ89 + 1","v":23},{"$f":"AR89 + 1","v":24},{"$f":"AS89 + 1","v":25},{"$f":"AT89 + 1","v":26},{"$f":"AU89 + 1","v":27},{"$f":"AV89 + 1","v":28},{"$f":"AW89 + 1","v":29}]
[null,null,null,null,"Year commencing",null,null,null,null,null,{"$f":"$I$106","v":"2009-04-01"},{"$f":"+K91+1","v":"2010-04-01"},{"$f":"+L91+1","v":"2011-04-01"},{"$f":"+M91+1","v":"2012-04-01"},{"$f":"+N91+1","v":"2013-04-01"},{"$f":"+O91+1","v":"2014-04-01"},{"$f":"+P91+1","v":"2015-04-01"},{"$f":"+Q91+1","v":"2016-04-01"},{"$f":"+R91+1","v":"2017-04-01"},{"$f":"+S91+1","v":"2018-04-01"},{"$f":"+T91+1","v":"2019-04-01"},{"$f":"+U91+1","v":"2020-04-01"},{"$f":"+V91+1","v":"2021-04-01"},{"$f":"+W91+1","v":"2022-04-01"},{"$f":"+X91+1","v":"2023-04-01"},{"$f":"+Y91+1","v":"2024-04-01"},{"$f":"+Z91+1","v":"2025-04-01"},{"$f":"+AA91+1","v":"2026-04-01"},{"$f":"+AB91+1","v":"2027-04-01"},{"$f":"+AC91+1","v":"2028-04-01"},{"$f":"+AD91+1","v":"2029-04-01"},{"$f":"+AE91+1","v":"2030-04-01"},{"$f":"+AF91+1","v":"2031-04-01"},{"$f":"+AG91+1","v":"2032-04-01"},{"$f":"+AH91+1","v":"2033-04-01"},{"$f":"+AI91+1","v":"2034-04-01"},{"$f":"+AJ91+1","v":"2035-04-01"},{"$f":"+AK91+1","v":"2036-04-01"},{"$f":"+AL91+1","v":"2037-04-01"},{"$f":"+AM91+1","v":"2038-04-01"},{"$f":"+AN91+1","v":"2039-04-01"},{"$f":"+AO91+1","v":"2040-04-01"},{"$f":"+AP91+1","v":"2041-04-01"},{"$f":"+AQ91+1","v":"2042-04-01"},{"$f":"+AR91+1","v":"2043-04-01"},{"$f":"+AS91+1","v":"2044-04-01"},{"$f":"+AT91+1","v":"2045-04-01"},{"$f":"+AU91+1","v":"2046-04-01"},{"$f":"+AV91+1","v":"2047-04-01"},{"$f":"+AW91+1","v":"2048-04-01"}]
[null,null,null,null,"Year ending",null,null,null,null,null,{"$f":"EOMONTH(K90,11)","v":"2010-03-31"},{"$f":"DATE(YEAR(K91) + 1, MONTH(K91), DAY(K91))","v":"2011-03-31"},{"$f":"DATE(YEAR(L91) + 1, MONTH(L91), DAY(L91))","v":"2012-03-31"},{"$f":"DATE(YEAR(M91) + 1, MONTH(M91), DAY(M91))","v":"2013-03-31"},{"$f":"DATE(YEAR(N91) + 1, MONTH(N91), DAY(N91))","v":"2014-03-31"},{"$f":"DATE(YEAR(O91) + 1, MONTH(O91), DAY(O91))","v":"2015-03-31"},{"$f":"DATE(YEAR(P91) + 1, MONTH(P91), DAY(P91))","v":"2016-03-31"},{"$f":"DATE(YEAR(Q91) + 1, MONTH(Q91), DAY(Q91))","v":"2017-03-31"},{"$f":"DATE(YEAR(R91) + 1, MONTH(R91), DAY(R91))","v":"2018-03-31"},{"$f":"DATE(YEAR(S91) + 1, MONTH(S91), DAY(S91))","v":"2019-03-31"},{"$f":"DATE(YEAR(T91) + 1, MONTH(T91), DAY(T91))","v":"2020-03-31"},{"$f":"DATE(YEAR(U91) + 1, MONTH(U91), DAY(U91))","v":"2021-03-31"},{"$f":"DATE(YEAR(V91) + 1, MONTH(V91), DAY(V91))","v":"2022-03-31"},{"$f":"DATE(YEAR(W91) + 1, MONTH(W91), DAY(W91))","v":"2023-03-31"},{"$f":"DATE(YEAR(X91) + 1, MONTH(X91), DAY(X91))","v":"2024-03-31"},{"$f":"DATE(YEAR(Y91) + 1, MONTH(Y91), DAY(Y91))","v":"2025-03-31"},{"$f":"DATE(YEAR(Z91) + 1, MONTH(Z91), DAY(Z91))","v":"2026-03-31"},{"$f":"DATE(YEAR(AA91) + 1, MONTH(AA91), DAY(AA91))","v":"2027-03-31"},{"$f":"DATE(YEAR(AB91) + 1, MONTH(AB91), DAY(AB91))","v":"2028-03-31"},{"$f":"DATE(YEAR(AC91) + 1, MONTH(AC91), DAY(AC91))","v":"2029-03-31"},{"$f":"DATE(YEAR(AD91) + 1, MONTH(AD91), DAY(AD91))","v":"2030-03-31"},{"$f":"DATE(YEAR(AE91) + 1, MONTH(AE91), DAY(AE91))","v":"2031-03-31"},{"$f":"DATE(YEAR(AF91) + 1, MONTH(AF91), DAY(AF91))","v":"2032-03-31"},{"$f":"DATE(YEAR(AG91) + 1, MONTH(AG91), DAY(AG91))","v":"2033-03-31"},{"$f":"DATE(YEAR(AH91) + 1, MONTH(AH91), DAY(AH91))","v":"2034-03-31"},{"$f":"DATE(YEAR(AI91) + 1, MONTH(AI91), DAY(AI91))","v":"2035-03-31"},{"$f":"DATE(YEAR(AJ91) + 1, MONTH(AJ91), DAY(AJ91))","v":"2036-03-31"},{"$f":"DATE(YEAR(AK91) + 1, MONTH(AK91), DAY(AK91))","v":"2037-03-31"},{"$f":"DATE(YEAR(AL91) + 1, MONTH(AL91), DAY(AL91))","v":"2038-03-31"},{"$f":"DATE(YEAR(AM91) + 1, MONTH(AM91), DAY(AM91))","v":"2039-03-31"},{"$f":"DATE(YEAR(AN91) + 1, MONTH(AN91), DAY(AN91))","v":"2040-03-31"},{"$f":"DATE(YEAR(AO91) + 1, MONTH(AO91), DAY(AO91))","v":"2041-03-31"},{"$f":"DATE(YEAR(AP91) + 1, MONTH(AP91), DAY(AP91))","v":"2042-03-31"},{"$f":"DATE(YEAR(AQ91) + 1, MONTH(AQ91), DAY(AQ91))","v":"2043-03-31"},{"$f":"DATE(YEAR(AR91) + 1, MONTH(AR91), DAY(AR91))","v":"2044-03-31"},{"$f":"DATE(YEAR(AS91) + 1, MONTH(AS91), DAY(AS91))","v":"2045-03-31"},{"$f":"DATE(YEAR(AT91) + 1, MONTH(AT91), DAY(AT91))","v":"2046-03-31"},{"$f":"DATE(YEAR(AU91) + 1, MONTH(AU91), DAY(AU91))","v":"2047-03-31"},{"$f":"DATE(YEAR(AV91) + 1, MONTH(AV91), DAY(AV91))","v":"2048-03-31"},{"$f":"DATE(YEAR(AW91) + 1, MONTH(AW91), DAY(AW91))","v":"2049-03-31"}]
[]
[null,null,null,null,"GB allocation",null,"%",null,1]
[null,null,null,null,"Expected UK RPI inflation",null,"%",null,{"$f":"'Market data'!I54","v":3.2399999999999998E-2}]
[null,null,null,null,"End date of price base year",null,"date",null,"2017-03-31"]
[null,null,null,null,{"$f":"'RPI and currency'!E11","v":"2016/17 RPI inflation index value (CHAW)"},null,{"$f":"'RPI and currency'!G11","v":"Jan 1987 = 100"},null,{"$f":"'RPI and currency'!I11","v":264.99200000000002}]
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[null,"Inflation"]
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[]
[null,null,"Ex post actuals"]
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[]
[]
[null,"End of sheet"]

{"sheet":"Op_RAV","index":4,"n_rows":52,"n_cols":35,"rows_kept":52,"cut":false,"hidden":false,"merged":[]}
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[null,"Running total RAV"]
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[null,null,"Operational"]
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[null,null,null,null,"Opening operational RAV (before transfers)",null,"£m 16/17 prices",null,null,null,{"$f":"J17","v":0},373.35535871241927,357.79888543273512,342.24241215305096,326.68593887336681,311.12946559368265,295.5729923139985,280.01651903431434,264.46004575463019,248.90357247494606,233.34709919526193,217.79062591557781,202.23415263589368,186.67767935620955,171.12120607652543,162.9347327968413,146.64125951715718,130.34778623747306,114.05431295778892,97.760839678104787,81.467366398420651,65.173893118736515,48.880419839052387,32.586946559368258,16.293473279684129]
[null,null,null,null,"Transfers of Transaction Costs",null,"£m 16/17 prices",null,null,null,{"$f":"-SUM(Finance!K53:AX53)","v":19.722702894152164}]
[null,null,null,null,"Transfers from pre-operational RAV",null,"£m 16/17 prices",null,null,null,{"$f":"-SUM(Pre_Op_RAV!K24:AX24)","v":369.18912909795125}]
[null,null,null,null,"Opening operational RAV (after transfers)",null,"£m 16/17 prices",null,null,null,{"$f":"SUM(K11:K13)","v":388.91183199210343},373.35535871241927,{"$f":"SUM(M11:M13)","v":357.79888543273512},342.24241215305096,326.68593887336681,311.12946559368265,295.5729923139985,280.01651903431434,264.46004575463019,248.90357247494606,233.34709919526193,217.79062591557781,202.23415263589368,186.67767935620955,171.12120607652543,162.9347327968413,146.64125951715718,130.34778623747306,114.05431295778892,97.760839678104787,81.467366398420651,65.173893118736515,48.880419839052387,32.586946559368258,16.293473279684129]
[null,null,null,null,"Replacement capex",null,"£m 16/17 prices",null,null,null,{"$f":"Input!K31","v":0},{"$f":"Input!L31","v":0},{"$f":"Input!M31","v":0},{"$f":"Input!N31","v":0},{"$f":"Input!O31","v":0},{"$f":"Input!P31","v":0},{"$f":"Input!Q31","v":0},{"$f":"Input!R31","v":0},{"$f":"Input!S31","v":0},{"$f":"Input!T31","v":0},{"$f":"Input!U31","v":0},{"$f":"Input!V31","v":0},{"$f":"Input!W31","v":0},{"$f":"Input!X31","v":0},{"$f":"Input!Y31","v":7.37},{"$f":"Input!Z31","v":0},{"$f":"Input!AA31","v":0},{"$f":"Input!AB31","v":0},{"$f":"Input!AC31","v":0},{"$f":"Input!AD31","v":0},{"$f":"Input!AE31","v":0},{"$f":"Input!AF31","v":0},{"$f":"Input!AG31","v":0},{"$f":"Input!AH31","v":0},{"$f":"Input!AI31","v":0}]
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[null,null,null,null,"Average operational RAV",null,"£m 16/17 prices",null,null,null,{"$f":"AVERAGE(K14, K17)","v":381.13359535226135},365.5771220725772,350.02064879289304,334.46417551320889,318.90770223352473,303.35122895384058,287.79475567415642,272.23828239447226,256.68180911478811,241.12533583510401,225.56886255541986,210.01238927573576,194.4559159960516,178.8994427163675,167.02796943668335,154.78799615699924,138.49452287731512,122.201049597631,105.90757631794685,89.614103038262726,73.320629758578576,57.027156478894454,40.733683199210319,24.440209919526193,8.1467366398420644]
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[]
[]
[null,"RAV depreciation"]
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[null,null,null,null,"Number of operational years",null,"full years",null,{"$f":"Input!I116","v":25}]
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[null,null,null,null,"RAV depreciation",null,"£m 16/17 prices",null,null,null,{"$f":"IF(K27, K14 / K26, 0)","v":15.556473279684138},15.556473279684136,15.556473279684136,15.556473279684134,15.556473279684134,15.556473279684132,15.556473279684132,15.556473279684131,15.556473279684129,15.556473279684129,15.556473279684129,15.556473279684129,15.556473279684129,15.556473279684129,15.556473279684129,16.293473279684129,16.293473279684132,16.293473279684132,16.293473279684132,16.293473279684132,16.293473279684129,16.293473279684129,16.293473279684129,16.293473279684129,16.293473279684129]
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[null,null,null,null,"Depreciation equal to additions",null,"test",null,{"$f":"SUM(Pre_Op_RAV!K19:AX22,Finance!K47:AX50,Finance!K52:AX52,K15:AI15) = SUM(K29:AX29)","v":true}]
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[null,"Operational RAV return"]
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[null,null,null,null,null,null,null,null,null,null,"Year 1","Year 2","Year 3","Year 4","Year 5","Year 6","Year 7","Year 8","Year 9","Year 10","Year 11","Year 12","Year 13","Year 14","Year 15","Year 16","Year 17","Year 18","Year 19","Year 20","Year 21","Year 22","Year 23","Year 24","Year 25"]
[]
[null,null,null,null,"Cap returns",null,{"$f":"Input!G42","v":"real annual %"},null,{"$f":"Input!I42","v":8.0999999999999989E-2}]
[null,null,null,null,"Floor returns",null,{"$f":"Input!G43","v":"real annual %"},null,{"$f":"Input!I43","v":-2.0999999999999999E-3}]
[]
[null,null,null,null,"Opening operational RAV (after transfers)",null,"£m 16/17 prices",null,null,null,{"$f":"K14","v":388.91183199210343},{"$f":"L14","v":373.35535871241927},357.79888543273512,342.24241215305096,326.68593887336681,311.12946559368265,295.5729923139985,280.01651903431434,264.46004575463019,248.90357247494606,233.34709919526193,217.79062591557781,202.23415263589368,186.67767935620955,171.12120607652543,162.9347327968413,146.64125951715718,130.34778623747306,114.05431295778892,97.760839678104787,81.467366398420651,65.173893118736515,48.880419839052387,32.586946559368258,16.293473279684129]
[null,null,null,null,"Closing operational RAV",null,"£m 16/17 prices",null,null,null,{"$f":"K17","v":373.35535871241927},{"$f":"L17","v":357.79888543273512},342.24241215305096,326.68593887336681,311.12946559368265,295.5729923139985,280.01651903431434,264.46004575463019,248.90357247494606,233.34709919526193,217.79062591557781,202.23415263589368,186.67767935620955,171.12120607652543,162.9347327968413,146.64125951715718,130.34778623747306,114.05431295778892,97.760839678104787,81.467366398420651,65.173893118736515,48.880419839052387,32.586946559368258,16.293473279684129,0]
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[null,null,null,null,"NPV neutral return base  (cap)",null,"£m 16/17 prices",null,null,null,{"$f":"0.5 * K$40 + 0.5 * K$41 / (1 + $I37)","v":367.14572113593113},352.17207594859406,337.19843076125699,322.22478557391992,307.25114038658285,292.27749519924578,277.30385001190876,262.33020482457169,247.35655963723462,232.38291444989761,217.40926926256057,202.43562407522353,187.46197888788652,172.48833370054948,160.92356917926239,149.29403592532037,133.61100267137834,117.92796941743632,102.24493616349427,86.561902909552231,70.878869655610202,55.19583640166816,39.512803147726132,23.829769893784096,8.1467366398420644]
[null,null,null,null,"NPV neutral return base (floor)",null,"£m 16/17 prices",null,null,null,{"$f":"0.5 * K$40 + 0.5 * K$41 / (1 + $I38)","v":381.52644345993554},365.95360150909823,350.38075955826105,334.80791760742375,319.23507565658656,303.66223370574926,288.08939175491207,272.51654980407477,256.94370785323758,241.37086590240034,225.79802395156312,210.22518200072591,194.65234004988869,179.07949809905148,167.19941093326287,154.94229350392078,138.63167607457871,122.32105864523663,106.01044121589456,89.699823786552471,73.389206357210384,57.078588927868296,40.767971498526222,24.457354069184142,8.1467366398420644]
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[null,null,null,null,"Return (cap)",null,"£m 16/17 prices",null,null,null,{"$f":"K43 * $I37","v":29.738803412010416},28.525938151836115,27.313072891661811,26.10020763148751,24.887342371313206,23.674477111138906,22.461611850964609,21.248746590790304,20.035881330616,18.823016070441703,17.610150810267402,16.397285550093102,15.184420289918807,13.971555029744506,13.034809103520251,12.092816909950949,10.822491216381644,9.5521655228123397,8.2818398292430349,7.0115141356737301,5.7411884421044252,4.4708627485351204,3.2005370549658161,1.9302113613965115,0.65988566782720715]
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[]
[]
[]
[null,"End of sheet"]

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[null,"Unprofiled allowances except tax (cap)"]
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[null,null,null,null,"Controllable opex",null,"£m 16/17 prices",null,null,null,{"$f":"Input!K33","v":10.94778},{"$f":"Input!L33","v":10.94778},{"$f":"Input!M33","v":10.94778},{"$f":"Input!N33","v":10.94778},{"$f":"Input!O33","v":10.94778},{"$f":"Input!P33","v":10.94778},{"$f":"Input!Q33","v":10.94778},{"$f":"Input!R33","v":10.94778},{"$f":"Input!S33","v":10.94778},{"$f":"Input!T33","v":10.94778},{"$f":"Input!U33","v":10.94778},{"$f":"Input!V33","v":10.94778},{"$f":"Input!W33","v":10.94778},{"$f":"Input!X33","v":10.94778},{"$f":"Input!Y33","v":10.94778},{"$f":"Input!Z33","v":10.94778},{"$f":"Input!AA33","v":10.94778},{"$f":"Input!AB33","v":10.94778},{"$f":"Input!AC33","v":10.94778},{"$f":"Input!AD33","v":10.94778},{"$f":"Input!AE33","v":10.94778},{"$f":"Input!AF33","v":10.94778},{"$f":"Input!AG33","v":10.94778},{"$f":"Input!AH33","v":10.94778},{"$f":"Input!AI33","v":10.94778}]
[null,null,null,null,"Non-controllable opex (baseline)",null,"£m 16/17 prices",null,null,null,{"$f":"Input!K34","v":0},{"$f":"Input!L34","v":0},{"$f":"Input!M34","v":0},{"$f":"Input!N34","v":0},{"$f":"Input!O34","v":0},{"$f":"Input!P34","v":0},{"$f":"Input!Q34","v":0},{"$f":"Input!R34","v":0},{"$f":"Input!S34","v":0},{"$f":"Input!T34","v":0},{"$f":"Input!U34","v":0},{"$f":"Input!V34","v":0},{"$f":"Input!W34","v":0},{"$f":"Input!X34","v":0},{"$f":"Input!Y34","v":0},{"$f":"Input!Z34","v":0},{"$f":"Input!AA34","v":0},{"$f":"Input!AB34","v":0},{"$f":"Input!AC34","v":0},{"$f":"Input!AD34","v":0},{"$f":"Input!AE34","v":0},{"$f":"Input!AF34","v":0},{"$f":"Input!AG34","v":0},{"$f":"Input!AH34","v":0},{"$f":"Input!AI34","v":0}]
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[null,null,null,null,"Annuity factor (floor)",null,{"$f":"G$23","v":"scalar"},null,{"$f":"I$23","v":3.8917182021590405E-2}]
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[null,null,null,null,"Annuity of allowances except tax (floor)",null,"£m 16/17 prices",null,{"$f":"I31 * I33","v":26.615328445598013}]
[null,null,null,null,"Annuitised allowances except tax (floor)",null,"£m 16/17 prices",null,null,null,{"$f":"K$25 * $I35","v":26.615328445598013},26.615328445598013,26.615328445598013,26.615328445598013,26.615328445598013,26.615328445598013,26.615328445598013,26.615328445598013,26.615328445598013,26.615328445598013,26.615328445598013,26.615328445598013,26.615328445598013,{"$f":"X$25 * $I35","v":26.615328445598013},26.615328445598013,26.615328445598013,26.615328445598013,26.615328445598013,26.615328445598013,26.615328445598013,26.615328445598013,26.615328445598013,26.615328445598013,26.615328445598013,26.615328445598013]
[]
[null,"End of sheet"]

{"sheet":"Deductions","index":7,"n_rows":68,"n_cols":35,"rows_kept":68,"cut":false,"hidden":false,"merged":[]}
["Deductions",null,null,null,null,null,null,"Licence"]
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[null,"Tax deductions"]
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[null,null,"Tax pools"]
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[null,null,null,"Capital allowance pool"]
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[null,null,null,null,"Principal repayments",null,"£m nominal",null,null,null,{"$f":"K62 - K61","v":6.0734134971108089},{"$f":"L62 - L61","v":6.2570246910189233},6.4461868111968199,6.6410676730254501,6.8418401652736485,7.0486824034765956,7.2617778879512045,7.48131566658863,7.7074905025683114,7.9405030471423368,8.1805600176434226,8.4278743808744174,8.682665542042038,{"$f":"X62 - X61","v":8.9451595394024324},9.2155892447912642,9.4941945702162247,9.7812226806952189,10.076928213529092,10.381573504203374,10.695428819119511,11.01877259536198,11.35189168771406,11.695081623141366,12.04864686296891,12.412901072984313]
[null,null,null,null,"Net interest paid",null,"£m nominal",null,null,null,{"$f":"$I53 * K64","v":6.7147539045959208},6.5311427106878064,6.3419805905099098,6.1470997286812796,5.9463272364330813,5.7394849982301341,5.5263895137555252,5.3068517351180997,5.0806768991384184,4.8476643545643929,4.6076073840633072,4.3602930208323114,4.1055018596646908,3.8430078623042978,3.5725781569154647,3.2939728314905046,3.0069447210115099,2.7112391881776383,2.4065938975033552,2.0927385825872182,1.7693948063447493,1.4362757139926692,1.0930857785653645,0.73952053873781909,0.37526632872241678]
[null,null,null,null,"Total",null,"£m nominal",null,null,null,{"$f":"$I$66*$I53/(1-(1+$I53)^(-$I57))","v":12.78816740170673},12.78816740170673,12.78816740170673,12.78816740170673,12.78816740170673,12.78816740170673,12.78816740170673,12.78816740170673,12.78816740170673,12.78816740170673,12.78816740170673,12.78816740170673,12.78816740170673,12.78816740170673,12.78816740170673,12.78816740170673,12.78816740170673,12.78816740170673,12.78816740170673,12.78816740170673,12.78816740170673,12.78816740170673,12.78816740170673,12.78816740170673,12.78816740170673]
[]
[null,null,null,null,"Opening net debt",null,"£m nominal",null,null,null,{"$f":"I66","v":222.10779270004022},{"$f":"K66","v":216.03437920292941},{"$f":"L66","v":209.77735451191049},203.33116770071368,196.69010002768823,189.84825986241458,182.79957745893799,175.53779957098678,168.05648390439814,160.34899340182983,152.4084903546875,144.22793033704409,135.80005595616967,127.11739041412764,118.17223087472522,108.95664162993396,99.462447059717732,89.68122437902251,79.604296165493423,69.222722661290049,58.527293842170536,47.508521246808556,36.156629559094497,24.461547935953131,12.412901072984221]
[null,null,null,null,"Less principal repayment",null,"£m nominal",null,null,null,{"$f":"IF(TaxFloor!K$3 = $I57, -K64, -K60)","v":-6.0734134971108089},{"$f":"IF(TaxFloor!L$3 = $I57, -L64, -L60)","v":-6.2570246910189233},{"$f":"IF(TaxFloor!M$3 = $I57, -M64, -M60)","v":-6.4461868111968199},{"$f":"IF(TaxFloor!N$3 = $I57, -N64, -N60)","v":-6.6410676730254501},{"$f":"IF(TaxFloor!O$3 = $I57, -O64, -O60)","v":-6.8418401652736485},{"$f":"IF(TaxFloor!P$3 = $I57, -P64, -P60)","v":-7.0486824034765956},{"$f":"IF(TaxFloor!Q$3 = $I57, -Q64, -Q60)","v":-7.2617778879512045},{"$f":"IF(TaxFloor!R$3 = $I57, -R64, -R60)","v":-7.48131566658863},{"$f":"IF(TaxFloor!S$3 = $I57, -S64, -S60)","v":-7.7074905025683114},{"$f":"IF(TaxFloor!T$3 = $I57, -T64, -T60)","v":-7.9405030471423368},{"$f":"IF(TaxFloor!U$3 = $I57, -U64, -U60)","v":-8.1805600176434226},{"$f":"IF(TaxFloor!V$3 = $I57, -V64, -V60)","v":-8.4278743808744174},{"$f":"IF(TaxFloor!W$3 = $I57, -W64, -W60)","v":-8.682665542042038},{"$f":"IF(TaxFloor!X$3 = $I57, -X64, -X60)","v":-8.9451595394024324},{"$f":"IF(TaxFloor!Y$3 = $I57, -Y64, -Y60)","v":-9.2155892447912642},{"$f":"IF(TaxFloor!Z$3 = $I57, -Z64, -Z60)","v":-9.4941945702162247},{"$f":"IF(TaxFloor!AA$3 = $I57, -AA64, -AA60)","v":-9.7812226806952189},{"$f":"IF(TaxFloor!AB$3 = $I57, -AB64, -AB60)","v":-10.076928213529092},{"$f":"IF(TaxFloor!AC$3 = $I57, -AC64, -AC60)","v":-10.381573504203374},{"$f":"IF(TaxFloor!AD$3 = $I57, -AD64, -AD60)","v":-10.695428819119511},{"$f":"IF(TaxFloor!AE$3 = $I57, -AE64, -AE60)","v":-11.01877259536198},{"$f":"IF(TaxFloor!AF$3 = $I57, -AF64, -AF60)","v":-11.35189168771406},{"$f":"IF(TaxFloor!AG$3 = $I57, -AG64, -AG60)","v":-11.695081623141366},{"$f":"IF(TaxFloor!AH$3 = $I57, -AH64, -AH60)","v":-12.04864686296891},{"$f":"IF(TaxFloor!AI$3 = $I57, -AI64, -AI60)","v":-12.412901072984313}]
[null,null,null,null,"Closing net debt",null,"£m nominal",null,{"$f":"Op_RAV!K14*I10*I58","v":222.10779270004022},null,{"$f":"SUM(K64:K65)","v":216.03437920292941},{"$f":"SUM(L64:L65)","v":209.77735451191049},203.33116770071368,196.69010002768823,189.84825986241458,182.79957745893799,175.53779957098678,168.05648390439814,160.34899340182983,152.4084903546875,144.22793033704409,135.80005595616967,127.11739041412764,{"$f":"SUM(X64:X65)","v":118.17223087472522},{"$f":"SUM(Y64:Y65)","v":108.95664162993396},99.462447059717732,89.68122437902251,79.604296165493423,69.222722661290049,58.527293842170536,47.508521246808556,36.156629559094497,24.461547935953131,12.412901072984221,-9.2370555648813024E-14]
[]
[null,"End of sheet"]

{"sheet":"TaxCap","index":8,"n_rows":46,"n_cols":35,"rows_kept":46,"cut":false,"hidden":false,"merged":[]}
["TaxCap",null,null,null,null,null,null,"Licence"]
[null,null,null,null,"Parameter",null,"Units","Terminology","Constant",null,"Annual values"]
[null,null,null,null,"Project year",null,null,null,null,null,"Year 1","Year 2","Year 3","Year 4","Year 5","Year 6","Year 7","Year 8","Year 9","Year 10","Year 11","Year 12","Year 13","Year 14","Year 15","Year 16","Year 17","Year 18","Year 19","Year 20","Year 21","Year 22","Year 23","Year 24","Year 25"]
[]
[]
[]
[null,"Tax (cap)"]
[]
[null,null,"Unprofiled tax allowance (cap)"]
[]
[null,null,null,"Profits attributable to corporation tax"]
[]
[null,null,null,null,"Annuitised allowances except tax (cap)",null,"£m nominal prices",null,null,null,{"$f":"AllowancesCap!K36 * Deductions!K$12","v":54.087204607368697},{"$f":"AllowancesCap!L36 * Deductions!L$12","v":55.839630036647435},{"$f":"AllowancesCap!M36 * Deductions!M$12","v":57.648834049834818},{"$f":"AllowancesCap!N36 * Deductions!N$12","v":59.516656273049456},{"$f":"AllowancesCap!O36 * Deductions!O$12","v":61.444995936296266},{"$f":"AllowancesCap!P36 * Deductions!P$12","v":63.435813804632254},{"$f":"AllowancesCap!Q36 * Deductions!Q$12","v":65.491134171902345},{"$f":"AllowancesCap!R36 * Deductions!R$12","v":67.613046919071977},{"$f":"AllowancesCap!S36 * Deductions!S$12","v":69.803709639249902},{"$f":"AllowancesCap!T36 * Deductions!T$12","v":72.065349831561605},{"$f":"AllowancesCap!U36 * Deductions!U$12","v":74.4002671661042},{"$f":"AllowancesCap!V36 * Deductions!V$12","v":76.810835822285981},{"$f":"AllowancesCap!W36 * Deductions!W$12","v":79.299506902928044},{"$f":"AllowancesCap!X36 * Deductions!X$12","v":81.868810926582924},{"$f":"AllowancesCap!Y36 * Deductions!Y$12","v":84.521360400604209},{"$f":"AllowancesCap!Z36 * Deductions!Z$12","v":87.259852477583777},{"$f":"AllowancesCap!AA36 * Deductions!AA$12","v":90.087071697857496},{"$f":"AllowancesCap!AB36 * Deductions!AB$12","v":93.005892820868084},{"$f":"AllowancesCap!AC36 * Deductions!AC$12","v":96.019283748264201},{"$f":"AllowancesCap!AD36 * Deductions!AD$12","v":99.130308541707961},{"$f":"AllowancesCap!AE36 * Deductions!AE$12","v":102.3421305384593},{"$f":"AllowancesCap!AF36 * Deductions!AF$12","v":105.65801556790538},{"$f":"AllowancesCap!AG36 * Deductions!AG$12","v":109.08133527230551},{"$f":"AllowancesCap!AH36 * Deductions!AH$12","v":112.6155705351282},{"$f":"AllowancesCap!AI36 * Deductions!AI$12","v":116.26431502046636}]
[null,null,null,null,"Less tax deductions",null,"£m nominal prices",null,null,null,{"$f":"-Deductions!K21","v":-51.038769904213467},{"$f":"-Deductions!L21","v":-44.445806060447993},{"$f":"-Deductions!M21","v":-42.697842627065945},{"$f":"-Deductions!N21","v":-41.116634201944251},{"$f":"-Deductions!O21","v":-39.689757732814499},{"$f":"-Deductions!P21","v":-38.405815100384253},{"$f":"-Deductions!Q21","v":-37.25435217229419},{"$f":"-Deductions!R21","v":-36.225784367982193},{"$f":"-Deductions!S21","v":-35.311328214760977},{"$f":"-Deductions!T21","v":-34.502938417030492},{"$f":"-Deductions!U21","v":-33.793249998833296},{"$f":"-Deductions!V21","v":-33.175525115186431},{"$f":"-Deductions!W21","v":-32.643604160032226},{"$f":"-Deductions!X21","v":-32.191860828467576},{"$f":"-Deductions!Y21","v":-32.884452161280933},{"$f":"-Deductions!Z21","v":-32.492571917081143},{"$f":"-Deductions!AA21","v":-32.173637151380312},{"$f":"-Deductions!AB21","v":-31.923226488943019},{"$f":"-Deductions!AC21","v":-31.737320099613946},{"$f":"-Deductions!AD21","v":-31.612269185422576},{"$f":"-Deductions!AE21","v":-31.544767962746246},{"$f":"-Deductions!AF21","v":-31.531827941733102},{"$f":"-Deductions!AG21","v":-31.570754321070392},{"$f":"-Deductions!AH21","v":-31.659124330798953},{"$f":"-Deductions!AI21","v":-79.037471404387702}]
[null,null,null,null,"Profits attributable to corporation tax",null,"£m nominal prices",null,null,null,{"$f":"SUM(K13:K14)","v":3.0484347031552304},{"$f":"SUM(L13:L14)","v":11.393823976199442},14.950991422768872,18.400022071105205,21.755238203481767,25.029998704248001,28.236781999608155,31.387262551089783,34.492381424488926,37.562411414531113,40.607017167270904,43.635310707099549,46.655902742895819,{"$f":"SUM(X13:X14)","v":49.676950098115348},51.636908239323276,54.767280560502634,57.913434546477184,61.082666331925068,64.281963648650247,67.518039356285385,70.797362575713052,74.126187626172282,77.510580951235113,80.956446204329239,37.226843616078654]
[]
[null,null,null,"Tax losses"]
[]
[null,null,null,null,"Taxable losses brought forward",null,"£m nominal prices",null,null,null,{"$f":"J22","v":0},0,{"$f":"L22","v":0},{"$f":"M22","v":0},{"$f":"N22","v":0},{"$f":"O22","v":0},{"$f":"P22","v":0},{"$f":"Q22","v":0},{"$f":"R22","v":0},{"$f":"S22","v":0},{"$f":"T22","v":0},{"$f":"U22","v":0},{"$f":"V22","v":0},{"$f":"W22","v":0},0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"In-year taxable loss",null,"£m nominal prices",null,null,null,{"$f":"MIN(K15, 0)","v":0},{"$f":"MIN(L15, 0)","v":0},0,0,0,0,0,0,0,0,0,0,0,{"$f":"MIN(X15, 0)","v":0},0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Profits attributable to corporation tax",null,"£m nominal prices",null,null,null,{"$f":"IF(K15 >= 0, MIN(K15, -K19), 0)","v":0},{"$f":"IF(L15 >= 0, MIN(L15, -L19), 0)","v":0},0,0,0,0,0,0,0,0,0,0,0,{"$f":"IF(X15 >= 0, MIN(X15, -X19), 0)","v":0},0,0,0,0,0,0,0,0,0,0,0]
[null,null,null,null,"Balance carried forward",null,"£m nominal prices",null,null,null,{"$f":"SUM(K19:K21)","v":0},{"$f":"SUM(L19:L21)","v":0},0,0,0,0,0,0,0,0,0,0,0,{"$f":"SUM(X19:X21)","v":0},0,0,0,0,0,0,0,0,0,0,0]
[]
[null,null,null,"Tax allowance"]
[]
[null,null,null,null,"Profits attributable to corporation tax (after taxable losses)",null,"£m nominal prices",null,null,null,{"$f":"MAX(K15 - K21,0)","v":3.0484347031552304},{"$f":"MAX(L15 - L21,0)","v":11.393823976199442},14.950991422768872,18.400022071105205,21.755238203481767,25.029998704248001,28.236781999608155,31.387262551089783,34.492381424488926,37.562411414531113,40.607017167270904,43.635310707099549,46.655902742895819,{"$f":"MAX(X15 - X21,0)","v":49.676950098115348},{"$f":"MAX(Y15 - Y21,0)","v":51.636908239323276},54.767280560502634,57.913434546477184,61.082666331925068,64.281963648650247,67.518039356285385,70.797362575713052,74.126187626172282,77.510580951235113,80.956446204329239,37.226843616078654]
[null,null,null,null,"Corporation tax rate",null,{"$f":"Input!G85","v":"%"},null,null,null,{"$f":"Input!K80","v":0.17},{"$f":"Input!L80","v":0.17},{"$f":"Input!M80","v":0.17},{"$f":"Input!N80","v":0.17},{"$f":"Input!O80","v":0.17},{"$f":"Input!P80","v":0.17},{"$f":"Input!Q80","v":0.17},{"$f":"Input!R80","v":0.17},{"$f":"Input!S80","v":0.17},{"$f":"Input!T80","v":0.17},{"$f":"Input!U80","v":0.17},{"$f":"Input!V80","v":0.17},{"$f":"Input!W80","v":0.17},{"$f":"Input!X80","v":0.17},{"$f":"Input!Y80","v":0.17},{"$f":"Input!Z80","v":0.17},{"$f":"Input!AA80","v":0.17},{"$f":"Input!AB80","v":0.17},{"$f":"Input!AC80","v":0.17},{"$f":"Input!AD80","v":0.17},{"$f":"Input!AE80","v":0.17},{"$f":"Input!AF80","v":0.17},{"$f":"Input!AG80","v":0.17},{"$f":"Input!AH80","v":0.17},{"$f":"Input!AI80","v":0.17}]
[null,null,null,null,"Corporation tax charge after losses",null,"£m nominal prices",null,null,null,{"$f":"K26 * K27","v":0.51823389953638921},{"$f":"L26 * L27","v":1.9369500759539053},2.5416685418707083,3.1280037520878849,3.6983904945919006,4.2550997797221601,4.8002529399333866,5.3358346336852636,5.8637048421631182,6.3856099404702897,6.9031929184360541,7.4180028202069241,7.9315034662922894,{"$f":"X26 * X27","v":8.4450815166796094},{"$f":"Y26 * Y27","v":8.7782744006849569},9.3104376952854491,9.8452838729011223,10.384053276427263,10.927933820270542,11.478066690568516,12.035551637871219,12.601451896449289,13.17679876170997,13.762595854735972,6.3285634147333711]
[]
[null,null,null,null,"\"Grossing-up\" factor for tax on tax charge after losses",null,"scalar",null,null,null,{"$f":"1 / (1 - K27)","v":1.2048192771084338},{"$f":"1 / (1 - L27)","v":1.2048192771084338},1.2048192771084338,1.2048192771084338,1.2048192771084338,1.2048192771084338,1.2048192771084338,1.2048192771084338,1.2048192771084338,1.2048192771084338,1.2048192771084338,1.2048192771084338,1.2048192771084338,{"$f":"1 / (1 - X27)","v":1.2048192771084338},{"$f":"1 / (1 - Y27)","v":1.2048192771084338},1.2048192771084338,1.2048192771084338,1.2048192771084338,1.2048192771084338,1.2048192771084338,1.2048192771084338,1.2048192771084338,1.2048192771084338,1.2048192771084338,1.2048192771084338]
[]
[null,null,null,null,"Unprofiled tax allowance (cap)",null,"£m nominal prices",null,null,null,{"$f":"K28 * K30","v":0.62437819221251722},{"$f":"L28 * L30","v":2.3336747903059103},3.062251255265914,3.7686792193829941,4.4558921621589169,5.1266262406291094,5.7834372770281774,6.4287164261268241,7.0647046291121915,7.6935059523738438,8.3170999017301863,8.93735279543003,9.5560282726413135,{"$f":"X28 * X30","v":10.174797008047722},{"$f":"Y28 * Y30","v":10.57623421769272},{"$f":"Z28 * Z30","v":11.217394813596927},11.861787798676051,12.510907561960559,13.166185325627161,13.828996012733153,14.500664623941228,15.182472164396735,15.875661158686711,16.58144078883852,7.6247751984739418]
[]
[null,null,"Profiled tax allowance (cap)"]
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[null,"End of sheet"]

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[]
[null,null,null,null,"Annuity factor (floor)",null,{"$f":"AllowancesFloor!G$23","v":"scalar"},null,{"$f":"AllowancesFloor!I$23","v":3.8917182021590405E-2}]
[]
[null,null,null,null,"Annuity of tax allowance (floor)",null,"£m 16/17 prices",null,{"$f":"I40 * I42","v":0.95680799308624331}]
[]
[null,"End of sheet"]

{"sheet":"Availability","index":10,"n_rows":60,"n_cols":50,"rows_kept":60,"cut":false,"hidden":false,"merged":[]}
["Availability",null,null,null,null,null,null,"Licence"]
[null,null,null,null,"Parameter",null,"Units","Terminology","Constant",null,"Annual values"]
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[]
[null,"Availability incentives"]
[]
[null,null,"Avaliability incentive"]
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[]
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[]
[]
[]
[null,null,null,"Upper and lower availability limits"]
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[null,null,null,null,"Number of operational years",null,{"$f":"Input!G116","v":"full years"},null,{"$f":"Input!I116","v":25}]
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[]
[null,null,null,null,"Interconnector Rated Capacity",null,"MW","RC",{"$f":"Input!I58","v":1000}]
[null,null,null,null,"Number of Hours in Relevant Year",null,"hours pa",null,{"$f":"Input!I59","v":8766}]
[]
[null,null,null,"Cap incentive rate"]
[]
[null,null,null,null,"Cap availability incentive target",null,{"$f":"Input!G62","v":"%"},null,{"$f":"Input!I62","v":0.96589999999999998}]
[]
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[]
[null,null,null,null,"Cap availability incentive upper limit",null,{"$f":"Input!G63","v":"scalar"},null,{"$f":"Input!I63","v":1.02}]
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[]
[]
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[]
[null,null,"Floor incentive rate"]
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[]
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[null,null,null,null,"Gross congestion revenues (net of market-related costs)",null,"£m nominal","NARt",null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Input!V25","v":44.457618087097821},{"$f":"Input!W25","v":45.89804491311979},{"$f":"Input!X25","v":47.385141568304867},{"$f":"Input!Y25","v":48.920420155117945},{"$f":"Input!Z25","v":50.505441768143768},{"$f":"Input!AA25","v":52.141818081431623},{"$f":"Input!AB25","v":53.83121298727},{"$f":"Input!AC25","v":55.575344288057551},{"$f":"Input!AD25","v":57.375985442990611},{"$f":"Input!AE25","v":59.234967371343508},{"$f":"Input!AF25","v":61.154180314175036},{"$f":"Input!AG25","v":63.135575756354307},{"$f":"Input!AH25","v":65.181168410860181},{"$f":"Input!AI25","v":67.293038267372054},{"$f":"Input!AJ25","v":69.473332707234903},{"$f":"Input!AK25","v":71.724268686949316},{"$f":"Input!AL25","v":74.048134992406474},{"$f":"Input!AM25","v":76.447294566160451},{"$f":"Input!AN25","v":78.924186910104027},{"$f":"Input!AO25","v":81.481330565991414},{"$f":"Input!AP25","v":84.121325676329519},{"$f":"Input!AQ25","v":86.846856628242605},{"$f":"Input!AR25","v":89.660694782997652},{"$f":"Input!AS25","v":92.565701293966796},{"$f":"Input!AT25","v":95.564830015891303}]
[null,null,null,null,"Notional Floor (pre-availability incentive)",null,"£m nominal","NFLt",null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Availability!V12*V13/$I$13","v":31.322931619933478},{"$f":"Availability!W12*W13/$I$13","v":32.337794604419322},{"$f":"Availability!X12*X13/$I$13","v":33.385539149602501},{"$f":"Availability!Y12*Y13/$I$13","v":34.467230618049619},{"$f":"Availability!Z12*Z13/$I$13","v":35.583968890074438},{"$f":"Availability!AA12*AA13/$I$13","v":36.736889482112836},{"$f":"Availability!AB12*AB13/$I$13","v":37.927164701333297},{"$f":"Availability!AC12*AC13/$I$13","v":39.156004837656496},{"$f":"Availability!AD12*AD13/$I$13","v":40.424659394396564},{"$f":"Availability!AE12*AE13/$I$13","v":41.734418358775017},{"$f":"Availability!AF12*AF13/$I$13","v":43.086613513599325},{"$f":"Availability!AG12*AG13/$I$13","v":44.482619791439937},{"$f":"Availability!AH12*AH13/$I$13","v":45.923856672682589},{"$f":"Availability!AI12*AI13/$I$13","v":47.4117896288775},{"$f":"Availability!AJ12*AJ13/$I$13","v":48.947931612853132},{"$f":"Availability!AK12*AK13/$I$13","v":50.533844597109571},{"$f":"Availability!AL12*AL13/$I$13","v":52.171141162055925},{"$f":"Availability!AM12*AM13/$I$13","v":53.861486135706542},{"$f":"Availability!AN12*AN13/$I$13","v":55.606598286503427},{"$f":"Availability!AO12*AO13/$I$13","v":57.408252070986144},{"$f":"Availability!AP12*AP13/$I$13","v":59.268279438086083},{"$f":"Availability!AQ12*AQ13/$I$13","v":61.188571691880078},{"$f":"Availability!AR12*AR13/$I$13","v":63.171081414696992},{"$f":"Availability!AS12*AS13/$I$13","v":65.217824452533165},{"$f":"Availability!AT12*AT13/$I$13","v":67.330881964795253}]
[null,null,null,null,"Floor (post availability incentive)",null,"£m nominal","FLt",null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Availability!V18*V13/$I$13","v":31.322931619933478},{"$f":"Availability!W18*W13/$I$13","v":32.337794604419322},{"$f":"Availability!X18*X13/$I$13","v":33.385539149602501},{"$f":"Availability!Y18*Y13/$I$13","v":34.467230618049619},{"$f":"Availability!Z18*Z13/$I$13","v":35.583968890074438},{"$f":"Availability!AA18*AA13/$I$13","v":36.736889482112836},{"$f":"Availability!AB18*AB13/$I$13","v":37.927164701333297},{"$f":"Availability!AC18*AC13/$I$13","v":39.156004837656496},{"$f":"Availability!AD18*AD13/$I$13","v":40.424659394396564},{"$f":"Availability!AE18*AE13/$I$13","v":41.734418358775017},{"$f":"Availability!AF18*AF13/$I$13","v":43.086613513599325},{"$f":"Availability!AG18*AG13/$I$13","v":44.482619791439937},{"$f":"Availability!AH18*AH13/$I$13","v":45.923856672682589},{"$f":"Availability!AI18*AI13/$I$13","v":47.4117896288775},{"$f":"Availability!AJ18*AJ13/$I$13","v":48.947931612853132},{"$f":"Availability!AK18*AK13/$I$13","v":50.533844597109571},{"$f":"Availability!AL18*AL13/$I$13","v":52.171141162055925},{"$f":"Availability!AM18*AM13/$I$13","v":53.861486135706542},{"$f":"Availability!AN18*AN13/$I$13","v":55.606598286503427},{"$f":"Availability!AO18*AO13/$I$13","v":57.408252070986144},{"$f":"Availability!AP18*AP13/$I$13","v":59.268279438086083},{"$f":"Availability!AQ18*AQ13/$I$13","v":61.188571691880078},{"$f":"Availability!AR18*AR13/$I$13","v":63.171081414696992},{"$f":"Availability!AS18*AS13/$I$13","v":65.217824452533165},{"$f":"Availability!AT18*AT13/$I$13","v":67.330881964795253},{"$f":"Availability!AU18*AU13/$I$13","v":0},{"$f":"Availability!AV18*AV13/$I$13","v":0},{"$f":"Availability!AW18*AW13/$I$13","v":0},{"$f":"Availability!AX18*AX13/$I$13","v":0}]
[]
[null,null,null,null,"Notional Surplus Assessed Revenue",null,"£m nominal","NSARt",null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(V28=0,V26-V27,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"IF(AX28=0,AX26-AX27,0)","v":0}]
[null,null,null,null,"Surplus Assessed Revenue",null,"£m nominal","SARt",null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(V30>0,V30,0)","v":0},{"$f":"IF(W30>0,W30,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"IF(AX30>0,AX30,0)","v":0}]
[]
[null,null,null,null,"Cap (post-availability incentive)",null,"£m nominal","CLt",null,null,null,null,null,null,null,null,null,0,0,0,0,{"$f":"Availability!V17*V13/$I$13","v":58.744150645347418},{"$f":"Availability!W17*W13/$I$13","v":60.647461126256665},{"$f":"Availability!X17*X13/$I$13","v":62.612438866747389},{"$f":"Availability!Y17*Y13/$I$13","v":64.641081886029994},{"$f":"Availability!Z17*Z13/$I$13","v":66.735452939137375},{"$f":"Availability!AA17*AA13/$I$13","v":68.89768161436541},{"$f":"Availability!AB17*AB13/$I$13","v":71.129966498670854},{"$f":"Availability!AC17*AC13/$I$13","v":73.434577413227785},{"$f":"Availability!AD17*AD13/$I$13","v":75.813857721416355},{"$f":"Availability!AE17*AE13/$I$13","v":78.27022671159024},{"$f":"Availability!AF17*AF13/$I$13","v":80.80618205704576},{"$f":"Availability!AG17*AG13/$I$13","v":83.424302355694053},{"$f":"Availability!AH17*AH13/$I$13","v":86.127249752018542},{"$f":"Availability!AI17*AI13/$I$13","v":88.917772643983938},{"$f":"Availability!AJ17*AJ13/$I$13","v":91.798708477649015},{"$f":"Availability!AK17*AK13/$I$13","v":94.772986632324844},{"$f":"Availability!AL17*AL13/$I$13","v":97.843631399212171},{"$f":"Availability!AM17*AM13/$I$13","v":101.01376505654665},{"$f":"Availability!AN17*AN13/$I$13","v":104.28661104437874},{"$f":"Availability!AO17*AO13/$I$13","v":107.66549724221662},{"$f":"Availability!AP17*AP13/$I$13","v":111.15385935286443},{"$f":"Availability!AQ17*AQ13/$I$13","v":114.75524439589725},{"$f":"Availability!AR17*AR13/$I$13","v":118.47331431432431},{"$f":"Availability!AS17*AS13/$I$13","v":122.31184969810842},{"$f":"Availability!AT17*AT13/$I$13","v":126.27475362832713}]
[null,null,null,null,"Revenue assessed for cap",null,"£m nominal",{"$f":"H26","v":"NARt"},null,null,null,null,null,null,null,null,null,0,0,0,0,{"$f":"V26","v":44.457618087097821},45.89804491311979,47.385141568304867,48.920420155117945,50.505441768143768,52.141818081431623,53.83121298727,55.575344288057551,57.375985442990611,59.234967371343508,61.154180314175036,63.135575756354307,65.181168410860181,67.293038267372054,69.473332707234903,71.724268686949316,74.048134992406474,76.447294566160451,78.924186910104027,81.481330565991414,84.121325676329519,86.846856628242605,89.660694782997652,92.565701293966796,95.564830015891303]
[null,null,null,null,"Floor (post-availability incentive)",null,"£m nominal","FLt",null,null,null,null,null,null,null,null,null,0,0,0,0,{"$f":"V28","v":31.322931619933478},{"$f":"W28","v":32.337794604419322},33.385539149602501,34.467230618049619,35.583968890074438,36.736889482112836,37.927164701333297,39.156004837656496,40.424659394396564,41.734418358775017,43.086613513599325,44.482619791439937,45.923856672682589,47.4117896288775,48.947931612853132,50.533844597109571,52.171141162055925,53.861486135706542,55.606598286503427,57.408252070986144,59.268279438086083,61.188571691880078,63.171081414696992,65.217824452533165,67.330881964795253,0,0,0,{"$f":"AX28","v":0}]
[null,null,null,null,"Revenue assessed for floor",null,"£m nominal","Choice of SARt or NARt",null,null,null,null,null,null,null,null,null,0,0,0,0,{"$f":"IF(V28=0,V31,V26)","v":44.457618087097821},45.89804491311979,47.385141568304867,48.920420155117945,50.505441768143768,52.141818081431623,53.83121298727,55.575344288057551,57.375985442990611,59.234967371343508,61.154180314175036,63.135575756354307,65.181168410860181,67.293038267372054,69.473332707234903,71.724268686949316,74.048134992406474,76.447294566160451,78.924186910104027,81.481330565991414,84.121325676329519,86.846856628242605,89.660694782997652,92.565701293966796,95.564830015891303,0,0,0,{"$f":"IF(AX28=0,AX31,AX26)","v":0}]
[null,null,null,null,"Within-period adjustment (assessed)",null,"£m nominal","WPAt",null,null,null,null,null,null,null,null,null,0,0,0,0,{"$f":"Input!V26","v":0},{"$f":"Input!W26","v":0},{"$f":"Input!X26","v":0},{"$f":"Input!Y26","v":0},{"$f":"Input!Z26","v":0},{"$f":"Input!AA26","v":0},{"$f":"Input!AB26","v":0},{"$f":"Input!AC26","v":0},{"$f":"Input!AD26","v":0},{"$f":"Input!AE26","v":0},{"$f":"Input!AF26","v":0},{"$f":"Input!AG26","v":0},{"$f":"Input!AH26","v":0},{"$f":"Input!AI26","v":0},{"$f":"Input!AJ26","v":0},{"$f":"Input!AK26","v":0},{"$f":"Input!AL26","v":0},{"$f":"Input!AM26","v":0},{"$f":"Input!AN26","v":0},{"$f":"Input!AO26","v":0},{"$f":"Input!AP26","v":0},{"$f":"Input!AQ26","v":0},{"$f":"Input!AR26","v":0},{"$f":"Input!AS26","v":0},{"$f":"Input!AT26","v":0}]
[]
[null,null,null,"NPV"]
[]
[null,null,null,null,"Cap (post-availability incentive) NPV",null,"£m nominal","CLNap",null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"MMULT(R33:V33,V$18:V$22)","v":58.744150645347418},{"$f":"MMULT(S33:W33,W$18:W$22)","v":123.68746459394416},{"$f":"MMULT(T33:X33,X$18:X$22)","v":195.34494263526111},{"$f":"MMULT(U33:Y33,Y$18:Y$22)","v":274.27124464841216},{"$f":"MMULT(V33:Z33,Z$18:Z$22)","v":361.06365453502258},{"$f":"MMULT(W33:AA33,AA$18:AA$22)","v":68.89768161436541},{"$f":"MMULT(X33:AB33,AB$18:AB$22)","v":145.06601017571427},{"$f":"MMULT(Y33:AC33,AC$18:AC$22)","v":229.10900089295347},{"$f":"MMULT(Z33:AD33,AD$18:AD$22)","v":321.67718287128992},{"$f":"MMULT(AA33:AE33,AE$18:AE$22)","v":423.47107651378474},{"$f":"MMULT(AB33:AF33,AF$18:AF$22)","v":80.80618205704576},{"$f":"MMULT(AC33:AG33,AG$18:AG$22)","v":170.13969343932021},{"$f":"MMULT(AD33:AH33,AH$18:AH$22)","v":268.70894931831418},{"$f":"MMULT(AE33:AI33,AI$18:AI$22)","v":377.27691837565868},{"$f":"MMULT(AF33:AJ33,AJ$18:AJ$22)","v":496.66520125012806},{"$f":"MMULT(AG33:AK33,AK$18:AK$22)","v":94.772986632324844},{"$f":"MMULT(AH33:AL33,AL$18:AL$22)","v":199.54719405712325},{"$f":"MMULT(AI33:AM33,AM$18:AM$22)","v":315.15348223917408},{"$f":"MMULT(AJ33:AN33,AN$18:AN$22)","v":442.48669386036596},{"$f":"MMULT(AK33:AO33,AO$18:AO$22)","v":582.51043769880823},{"$f":"MMULT(AL33:AP33,AP$18:AP$22)","v":111.15385935286443},{"$f":"MMULT(AM33:AQ33,AQ$18:AQ$22)","v":234.03758318321263},{"$f":"MMULT(AN33:AR33,AR$18:AR$22)","v":369.62564000732391},{"$f":"MMULT(AO33:AS33,AS$18:AS$22)","v":518.96754004050308},{"$f":"MMULT(AP33:AT33,AT$18:AT$22)","v":683.19344535106927}]
[null,null,null,null,"Revenue assessed for cap NPV",null,"£m nominal","ARNap",null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"MMULT(R34:V34,V$18:V$22)","v":44.457618087097821},93.606767698062157,147.8372018238091,207.56868748459485,273.2532495934758,52.141818081431623,109.7860673268878,173.3898669079181,243.44553774832698,{"$f":"MMULT(AA34:AE34,AE$18:AE$22)","v":320.48323422432691},61.154180314175036,128.76184997629679,203.35913812935658,285.52346005449709,375.87660374282007,71.724268686949316,151.01746891026337,238.50839612603795,334.87426795955815,440.8443442702644,84.121325676329519,177.11982175046936,279.73296674000323,392.755030777667,517.04132138017303]
[null,null,null,null,"Floor (post-availability incentive) NPV",null,"£m nominal","FLNap",null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"MMULT(R35:V35,V$18:V$22)","v":31.322931619933478},65.951315205982979,104.15975400520534,146.24399786290334,192.52252415261577,36.736889482112836,77.350556050134173,122.16306627372498,171.52128836793841,{"$f":"MMULT(AA35:AE35,AE$18:AE$22)","v":225.79874637631593},43.086613513599325,90.720078933652189,143.27812986820908,201.16758836815234,264.82653959335761,50.533844597109571,106.40043384295495,168.04279005680718,235.93805174228703,310.60002412993236,59.268279438086083,124.79103253700481,197.08785504145374,276.71835563327221,364.2851473181214]
[null,null,null,null,"Revenue assessed for floor NPV",null,"£m nominal","ARNap",null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"MMULT(R36:V36,V$18:V$22)","v":44.457618087097821},93.606767698062157,147.8372018238091,207.56868748459485,273.2532495934758,52.141818081431623,109.7860673268878,173.3898669079181,243.44553774832698,{"$f":"MMULT(AA36:AE36,AE$18:AE$22)","v":320.48323422432691},61.154180314175036,128.76184997629679,203.35913812935658,285.52346005449709,375.87660374282007,71.724268686949316,151.01746891026337,238.50839612603795,334.87426795955815,440.8443442702644,84.121325676329519,177.11982175046936,279.73296674000323,392.755030777667,517.04132138017303]
[null,null,null,null,"NPV within-period adjustments (assessed)",null,"£m nominal","WPANap",null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"MMULT(R37:V37,V$18:V$22)","v":0},0,0,0,0,0,0,0,0,{"$f":"MMULT(AA37:AE37,AE$18:AE$22)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
["`"]
[null,null,"Assessment"]
[]
[null,null,null,"Assessed adjustment"]
[]
[null,null,null,null,"Assessment period length",null,{"$f":"Input!G117","v":"full years"},null,{"$f":"Input!I117","v":5}]
[null,null,null,null,"Assessment year flag",null,"flag",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"AND(MOD(V3,$I51)=0,V3>=$I51)","v":false},false,false,false,true,false,false,false,false,true,false,false,false,false,true,false,false,false,false,true,false,false,false,false,true,false,false,false,{"$f":"AND(MOD(AX3,$I51)=0,AX3>=$I51)","v":false}]
[]
[null,null,null,null,"Relevant Revenue at Cap",null,"£m nominal","RRACap",null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"V42-V41","v":-14.286532558249597},{"$f":"W42-W41","v":-30.080696895881999},-47.50774081145201,-66.702557163817318,-87.810404941546778,-16.755863532933787,-35.279942848826465,-55.71913398503537,-78.231645122962931,{"$f":"AE42-AE41","v":-102.98784228945783},{"$f":"AF42-AF41","v":-19.652001742870723},-41.377843463023424,-65.349811188957602,-91.753458321161588,-120.788597507308,-23.048717945375529,-48.529725146859874,-76.645086113136131,-107.61242590080781,-141.66609342854383,-27.032533676534911,-56.917761432743276,-89.892673267320674,-126.21250926283608,-166.15212397089624,0,0,0,{"$f":"AX42-AX41","v":0}]
[null,null,null,null,"Revenue Excess at Cap",null,"£m nominal","RECap",null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(V54>0,V54,0)","v":0},{"$f":"IF(W54>0,W54,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"IF(AX54>0,AX54,0)","v":0}]
[]
[null,null,null,null,"Relevant Revenue at Floor",null,"£m nominal","RRAFap",null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"V43-V44","v":-13.134686467164343},{"$f":"W43-W44","v":-27.655452492079178},-43.677447818603753,-61.324689621691505,-80.730725440860027,-15.404928599318787,-32.43551127675363,-51.226800634193125,-71.924249380388574,-94.684487848010974,-18.067566800575712,-38.041771042644598,-60.081008261147502,-84.355871686344756,-111.05006414946246,-21.190424089839745,-44.617035067308422,-70.465606069230773,-98.936216217271124,-130.24432014033204,-24.853046238243437,-52.328789213464546,-82.645111698549499,-116.03667514439479,-152.75617406205163,0,0,0,{"$f":"AX43-AX44","v":0}]
[null,null,null,null,"Revenue Shortfall at Floor",null,"£m nominal","RSFap",null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(V57>0,V57,0)","v":0},{"$f":"IF(W57>0,W57,0)","v":0},0,0,0,0,{"$f":"IF(AB57>0,AB57,0)","v":0},{"$f":"IF(AC57>0,AC57,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"IF(AX57>0,AX57,0)","v":0}]
[]
[null,null,null,null,"NPV within-period adjustments (assessed)",null,"£m nominal",{"$f":"H45","v":"WPANap"},null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"V45","v":0},{"$f":"W45","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"AX45","v":0}]
[]
[null,null,null,null,"End of Period Cap and Floor Revenue Adjustment - Unadjusted for End of Period",null,"£m nominal",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(ABS(V55)>0,-V55-V60,IF(ABS(V58)>0,V58-V60,IF(AND(V55=0,V58=0,ABS(V60)>0),-V60,0)))","v":0},{"$f":"IF(ABS(W55)>0,-W55-W60,IF(ABS(W58)>0,W58-W60,IF(AND(W55=0,W58=0,ABS(W60)>0),-W60,0)))","v":0},0,0,{"$f":"IF(ABS(Z55)>0,-Z55-Z60,IF(ABS(Z58)>0,Z58-Z60,IF(AND(Z55=0,Z58=0,ABS(Z60)>0),-Z60,0)))","v":0},{"$f":"IF(ABS(AA55)>0,-AA55-AA60,IF(ABS(AA58)>0,AA58-AA60,IF(AND(AA55=0,AA58=0,ABS(AA60)>0),-AA60,0)))","v":0},0,0,0,{"$f":"IF(ABS(AE55)>0,-AE55-AE60,IF(ABS(AE58)>0,AE58-AE60,IF(AND(AE55=0,AE58=0,ABS(AE60)>0),-AE60,0)))","v":0},{"$f":"IF(ABS(AF55)>0,-AF55-AF60,IF(ABS(AF58)>0,AF58-AF60,IF(AND(AF55=0,AF58=0,ABS(AF60)>0),-AF60,0)))","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"IF(ABS(AT55)>0,-AT55-AT60,IF(ABS(AT58)>0,AT58-AT60,IF(AND(AT55=0,AT58=0,ABS(AT60)>0),-AT60,0)))","v":0},{"$f":"IF(ABS(AU55)>0,-AU55-AU60,IF(ABS(AU58)>0,AU58-AU60,IF(AND(AU55=0,AU58=0,ABS(AU60)>0),-AU60,0)))","v":0},{"$f":"IF(ABS(AV55)>0,-AV55-AV60,IF(ABS(AV58)>0,AV58-AV60,IF(AND(AV55=0,AV58=0,ABS(AV60)>0),-AV60,0)))","v":0},0,{"$f":"IF(ABS(AX55)>0,-AX55-AX60,IF(ABS(AX58)>0,AX58-AX60,IF(AND(AX55=0,AX58=0,ABS(AX60)>0),-AX60,0)))","v":0}]
[]
[null,null,null,null,"End of Period Cap and Floor Revenue Adjustment",null,"£m nominal","CFAap",null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"V62*V52","v":0},{"$f":"W62*W52","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"AX62*AX52","v":0}]
[]
[]
[null,"Revenue adjustment for changes from cost base case"]
[]
[null,null,null,null,"RPI index",null,"scalar",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"V13/$I13","v":1.1360357108920576},{"$f":"W13/$I13","v":1.1728432679249603},{"$f":"X13/$I13","v":1.2108433898057289},1.2500747156354346,1.2905771364220227,1.3323918356420961,1.3755613311168997,1.4201295182450875,1.4661417146362281,1.5136447061904419,1.5626867946710123,1.6133178468183531,1.6655893450552677,1.7195544398350582,1.775268003685714,1.8327866870051313,1.8921689756640976,1.9534752504756143,2.0167678485910239,2.0821111268853731,2.1495715273964593,2.2192176448841048,2.2911202965783493,2.3653525941874882,2.4419900182391627,2.5211104948301113,2.6027944748626073,2.6871250158481552,2.7741878663616357]
[]
[null,null,null,null,"Non-controllable opex (actual)",null,"£m nominal","ONCOCt",null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Input!V19*V69","v":0},{"$f":"Input!W19*W69","v":0},{"$f":"Input!X19*X69","v":0},{"$f":"Input!Y19*Y69","v":0},{"$f":"Input!Z19*Z69","v":0},{"$f":"Input!AA19*AA69","v":0},{"$f":"Input!AB19*AB69","v":0},{"$f":"Input!AC19*AC69","v":0},{"$f":"Input!AD19*AD69","v":0},{"$f":"Input!AE19*AE69","v":0},{"$f":"Input!AF19*AF69","v":0},{"$f":"Input!AG19*AG69","v":0},{"$f":"Input!AH19*AH69","v":0},{"$f":"Input!AI19*AI69","v":0},{"$f":"Input!AJ19*AJ69","v":0},{"$f":"Input!AK19*AK69","v":0},{"$f":"Input!AL19*AL69","v":0},{"$f":"Input!AM19*AM69","v":0},{"$f":"Input!AN19*AN69","v":0},{"$f":"Input!AO19*AO69","v":0},{"$f":"Input!AP19*AP69","v":0},{"$f":"Input!AQ19*AQ69","v":0},{"$f":"Input!AR19*AR69","v":0},{"$f":"Input!AS19*AS69","v":0},{"$f":"Input!AT19*AT69","v":0},{"$f":"Input!AU19*AU69","v":0},{"$f":"Input!AV19*AV69","v":0},{"$f":"Input!AW19*AW69","v":0},{"$f":"Input!AX19*AX69","v":0}]
[null,null,null,null,"Less non-controllable opex (baseline)",null,"£m nominal","BNCOCt",null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"-Input!K34*V69","v":0},{"$f":"-Input!L34*W69","v":0},{"$f":"-Input!M34*X69","v":0},{"$f":"-Input!N34*Y69","v":0},{"$f":"-Input!O34*Z69","v":0},{"$f":"-Input!P34*AA69","v":0},{"$f":"-Input!Q34*AB69","v":0},{"$f":"-Input!R34*AC69","v":0},{"$f":"-Input!S34*AD69","v":0},{"$f":"-Input!T34*AE69","v":0},{"$f":"-Input!U34*AF69","v":0},{"$f":"-Input!V34*AG69","v":0},{"$f":"-Input!W34*AH69","v":0},{"$f":"-Input!X34*AI69","v":0},{"$f":"-Input!Y34*AJ69","v":0},{"$f":"-Input!Z34*AK69","v":0},{"$f":"-Input!AA34*AL69","v":0},{"$f":"-Input!AB34*AM69","v":0},{"$f":"-Input!AC34*AN69","v":0},{"$f":"-Input!AD34*AO69","v":0},{"$f":"-Input!AE34*AP69","v":0},{"$f":"-Input!AF34*AQ69","v":0},{"$f":"-Input!AG34*AR69","v":0},{"$f":"-Input!AH34*AS69","v":0},{"$f":"-Input!AI34*AT69","v":0},{"$f":"-Input!AJ34*AU69","v":0},{"$f":"-Input!AK34*AV69","v":0},{"$f":"-Input!AL34*AW69","v":0},{"$f":"-Input!AM34*AX69","v":0}]
[null,null,null,null,"Non-controllable costs (changes from baseline estimate)",null,"£m nominal","DNCOCt",null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"SUM(V71:V72)","v":0},{"$f":"SUM(W71:W72)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"SUM(AX71:AX72)","v":0}]
[]
[]
[]
[null,null,null,null,"Total changes from baseline estimates",null,"£m nominal","NCOCt",null,null,null,null,null,null,null,null,null,0,0,0,0,{"$f":" + V73","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":" + AX73","v":0}]
[null,null,null,null,"Pass through revenue adjustment (assessed) - Unadjusted for End of Period",null,"£m nominal",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"MMULT(R77:V77,V$18:V$22)","v":0},{"$f":"MMULT(S77:W77,W$18:W$22)","v":0},{"$f":"MMULT(T77:X77,X$18:X$22)","v":0},{"$f":"MMULT(U77:Y77,Y$18:Y$22)","v":0},{"$f":"MMULT(V77:Z77,Z$18:Z$22)","v":0},{"$f":"MMULT(W77:AA77,AA$18:AA$22)","v":0},{"$f":"MMULT(X77:AB77,AB$18:AB$22)","v":0},{"$f":"MMULT(Y77:AC77,AC$18:AC$22)","v":0},{"$f":"MMULT(Z77:AD77,AD$18:AD$22)","v":0},{"$f":"MMULT(AA77:AE77,AE$18:AE$22)","v":0},{"$f":"MMULT(AB77:AF77,AF$18:AF$22)","v":0},{"$f":"MMULT(AC77:AG77,AG$18:AG$22)","v":0},{"$f":"MMULT(AD77:AH77,AH$18:AH$22)","v":0},{"$f":"MMULT(AE77:AI77,AI$18:AI$22)","v":0},{"$f":"MMULT(AF77:AJ77,AJ$18:AJ$22)","v":0},{"$f":"MMULT(AG77:AK77,AK$18:AK$22)","v":0},{"$f":"MMULT(AH77:AL77,AL$18:AL$22)","v":0},{"$f":"MMULT(AI77:AM77,AM$18:AM$22)","v":0},{"$f":"MMULT(AJ77:AN77,AN$18:AN$22)","v":0},{"$f":"MMULT(AK77:AO77,AO$18:AO$22)","v":0},{"$f":"MMULT(AL77:AP77,AP$18:AP$22)","v":0},{"$f":"MMULT(AM77:AQ77,AQ$18:AQ$22)","v":0},{"$f":"MMULT(AN77:AR77,AR$18:AR$22)","v":0},{"$f":"MMULT(AO77:AS77,AS$18:AS$22)","v":0},{"$f":"MMULT(AP77:AT77,AT$18:AT$22)","v":0},{"$f":"MMULT(AQ77:AU77,AU$18:AU$22)","v":0},{"$f":"MMULT(AR77:AV77,AV$18:AV$22)","v":0},{"$f":"MMULT(AS77:AW77,AW$18:AW$22)","v":0},{"$f":"MMULT(AT77:AX77,AX$18:AX$22)","v":0}]
[]
[null,null,null,null,"End of Period Pass through revenue adjustment (assessed)",null,"£m nominal","PTAap",null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"V78*V52","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[]
[null,"End of sheet"]

{"sheet":"Output","index":12,"n_rows":22,"n_cols":50,"rows_kept":22,"cut":false,"hidden":false,"merged":[]}
["Output",null,null,null,null,null,null,"Licence"]
[null,null,null,null,"Parameter",null,"Units","Terminology","Constant",null,"Annual values"]
[null,null,null,null,"Project year",null,null,null,null,null,{"$f":"Input!K8","v":-10},{"$f":"K3 + 1","v":-9},{"$f":"L3 + 1","v":-8},{"$f":"M3 + 1","v":-7},{"$f":"N3 + 1","v":-6},{"$f":"O3 + 1","v":-5},{"$f":"P3 + 1","v":-4},{"$f":"Q3 + 1","v":-3},{"$f":"R3 + 1","v":-2},{"$f":"S3 + 1","v":-1},{"$f":"T3 + 1","v":0},{"$f":"U3 + 1","v":1},{"$f":"V3 + 1","v":2},{"$f":"W3 + 1","v":3},{"$f":"X3 + 1","v":4},{"$f":"Y3 + 1","v":5},{"$f":"Z3 + 1","v":6},{"$f":"AA3 + 1","v":7},{"$f":"AB3 + 1","v":8},{"$f":"AC3 + 1","v":9},{"$f":"AD3 + 1","v":10},{"$f":"AE3 + 1","v":11},{"$f":"AF3 + 1","v":12},{"$f":"AG3 + 1","v":13},{"$f":"AH3 + 1","v":14},{"$f":"AI3 + 1","v":15},{"$f":"AJ3 + 1","v":16},{"$f":"AK3 + 1","v":17},{"$f":"AL3 + 1","v":18},{"$f":"AM3 + 1","v":19},{"$f":"AN3 + 1","v":20},{"$f":"AO3 + 1","v":21},{"$f":"AP3 + 1","v":22},{"$f":"AQ3 + 1","v":23},{"$f":"AR3 + 1","v":24},{"$f":"AS3 + 1","v":25},{"$f":"AT3 + 1","v":26},{"$f":"AU3 + 1","v":27},{"$f":"AV3 + 1","v":28},{"$f":"AW3 + 1","v":29}]
[null,null,null,null,"Year commencing",null,null,null,null,null,{"$f":"Input!K9","v":"2009-04-01"},{"$f":"+K5+1","v":"2010-04-01"},{"$f":"+L5+1","v":"2011-04-01"},{"$f":"+M5+1","v":"2012-04-01"},"2013-04-01","2014-04-01","2015-04-01","2016-04-01","2017-04-01","2018-04-01","2019-04-01","2020-04-01","2021-04-01","2022-04-01","2023-04-01","2024-04-01","2025-04-01","2026-04-01","2027-04-01","2028-04-01","2029-04-01","2030-04-01","2031-04-01","2032-04-01","2033-04-01","2034-04-01","2035-04-01","2036-04-01","2037-04-01","2038-04-01","2039-04-01","2040-04-01","2041-04-01","2042-04-01","2043-04-01","2044-04-01","2045-04-01","2046-04-01","2047-04-01","2048-04-01"]
[null,null,null,null,"Year ending",null,null,null,null,null,{"$f":"Input!K10","v":"2010-03-31"},{"$f":"DATE(YEAR(K5) + 1, MONTH(K5), DAY(K5))","v":"2011-03-31"},{"$f":"DATE(YEAR(L5) + 1, MONTH(L5), DAY(L5))","v":"2012-03-31"},{"$f":"DATE(YEAR(M5) + 1, MONTH(M5), DAY(M5))","v":"2013-03-31"},{"$f":"DATE(YEAR(N5) + 1, MONTH(N5), DAY(N5))","v":"2014-03-31"},{"$f":"DATE(YEAR(O5) + 1, MONTH(O5), DAY(O5))","v":"2015-03-31"},{"$f":"DATE(YEAR(P5) + 1, MONTH(P5), DAY(P5))","v":"2016-03-31"},{"$f":"DATE(YEAR(Q5) + 1, MONTH(Q5), DAY(Q5))","v":"2017-03-31"},{"$f":"DATE(YEAR(R5) + 1, MONTH(R5), DAY(R5))","v":"2018-03-31"},{"$f":"DATE(YEAR(S5) + 1, MONTH(S5), DAY(S5))","v":"2019-03-31"},{"$f":"DATE(YEAR(T5) + 1, MONTH(T5), DAY(T5))","v":"2020-03-31"},{"$f":"DATE(YEAR(U5) + 1, MONTH(U5), DAY(U5))","v":"2021-03-31"},{"$f":"DATE(YEAR(V5) + 1, MONTH(V5), DAY(V5))","v":"2022-03-31"},{"$f":"DATE(YEAR(W5) + 1, MONTH(W5), DAY(W5))","v":"2023-03-31"},{"$f":"DATE(YEAR(X5) + 1, MONTH(X5), DAY(X5))","v":"2024-03-31"},{"$f":"DATE(YEAR(Y5) + 1, MONTH(Y5), DAY(Y5))","v":"2025-03-31"},{"$f":"DATE(YEAR(Z5) + 1, MONTH(Z5), DAY(Z5))","v":"2026-03-31"},{"$f":"DATE(YEAR(AA5) + 1, MONTH(AA5), DAY(AA5))","v":"2027-03-31"},{"$f":"DATE(YEAR(AB5) + 1, MONTH(AB5), DAY(AB5))","v":"2028-03-31"},{"$f":"DATE(YEAR(AC5) + 1, MONTH(AC5), DAY(AC5))","v":"2029-03-31"},{"$f":"DATE(YEAR(AD5) + 1, MONTH(AD5), DAY(AD5))","v":"2030-03-31"},{"$f":"DATE(YEAR(AE5) + 1, MONTH(AE5), DAY(AE5))","v":"2031-03-31"},{"$f":"DATE(YEAR(AF5) + 1, MONTH(AF5), DAY(AF5))","v":"2032-03-31"},{"$f":"DATE(YEAR(AG5) + 1, MONTH(AG5), DAY(AG5))","v":"2033-03-31"},{"$f":"DATE(YEAR(AH5) + 1, MONTH(AH5), DAY(AH5))","v":"2034-03-31"},{"$f":"DATE(YEAR(AI5) + 1, MONTH(AI5), DAY(AI5))","v":"2035-03-31"},{"$f":"DATE(YEAR(AJ5) + 1, MONTH(AJ5), DAY(AJ5))","v":"2036-03-31"},{"$f":"DATE(YEAR(AK5) + 1, MONTH(AK5), DAY(AK5))","v":"2037-03-31"},{"$f":"DATE(YEAR(AL5) + 1, MONTH(AL5), DAY(AL5))","v":"2038-03-31"},{"$f":"DATE(YEAR(AM5) + 1, MONTH(AM5), DAY(AM5))","v":"2039-03-31"},{"$f":"DATE(YEAR(AN5) + 1, MONTH(AN5), DAY(AN5))","v":"2040-03-31"},{"$f":"DATE(YEAR(AO5) + 1, MONTH(AO5), DAY(AO5))","v":"2041-03-31"},{"$f":"DATE(YEAR(AP5) + 1, MONTH(AP5), DAY(AP5))","v":"2042-03-31"},{"$f":"DATE(YEAR(AQ5) + 1, MONTH(AQ5), DAY(AQ5))","v":"2043-03-31"},{"$f":"DATE(YEAR(AR5) + 1, MONTH(AR5), DAY(AR5))","v":"2044-03-31"},{"$f":"DATE(YEAR(AS5) + 1, MONTH(AS5), DAY(AS5))","v":"2045-03-31"},{"$f":"DATE(YEAR(AT5) + 1, MONTH(AT5), DAY(AT5))","v":"2046-03-31"},{"$f":"DATE(YEAR(AU5) + 1, MONTH(AU5), DAY(AU5))","v":"2047-03-31"},{"$f":"DATE(YEAR(AV5) + 1, MONTH(AV5), DAY(AV5))","v":"2048-03-31"},{"$f":"DATE(YEAR(AW5) + 1, MONTH(AW5), DAY(AW5))","v":"2049-03-31"}]
[]
[null,"Model outputs"]
[]
[null,null,"Cap and floor levels"]
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["DESCRIPTION"]
["Yield from British Government Securities - 10 year Inflation Zero Coupon"]
["SOURCE"]
["Bank of England, GLC Inflation daily data"]
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["2016-10-13",3.1700953095695992]
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["DESCRIPTION"]
["Monthly average yield from British Government Securities - 10 year Real Zero Coupon"]
["SOURCE"]
["Bank of England, GLC Real daily data"]
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["2016-11-02","EOD",19.167157327075799,137.93956814651699,429.39111209974999,123.423537484983,4.5875122231523697,0,4.5875122231523697,52755594080.111198,40433361000,52582787921.722603,3.2363208496363098,12.226321548028899,219.22804277951499]
["2016-11-01","EOD",19.169896002948001,136.70976619645299,425.59035386187799,122.331053235485,4.5875122231523697,0,4.5875122231523697,52288627593.9786,40433361000,52582787921.722603,3.30843720556659,12.185229297284099,216.33233028130601]
["2016-10-31","EOD",18.9461218030591,137.51030568085301,427.98459910673,123.01925149902399,4.5875122231523697,0,4.5875122231523697,53089518549.668602,40783361000,56315471413.765198,3.2588607740064401,12.1192519307699,218.785815694267]
["2016-10-28","EOD",18.954247161519,137.27113479802699,427.11383163929497,122.982985804306,4.3727363656043696,0,4.3727363656043696,53073867923.859901,40783361000,56315471413.765198,3.2734018993015499,12.0965136712692,217.185162505672]
["2016-10-27","EOD",18.956985561880199,137.928459904931,429.06548140345802,123.54564484314101,4.3727363656043696,0,4.3727363656043696,53316685995.953499,40783361000,56315471413.765198,3.2355643926005202,12.129992093225001,212.38415519143899]
["2016-10-26","EOD",18.959723962336199,138.86947944891901,431.88029336580303,124.357152841307,4.3727363656043696,0,4.3727363656043696,53666895970.383003,40783361000,56315471413.765198,3.1805687142885701,12.1625991010396,219.95367479574699]
["2016-10-25","EOD",18.962462362707399,140.18893434184801,435.84652405530801,125.50061392153501,4.3727363656043696,0,4.3727363656043696,54160361809.996498,40783361000,56315471413.765198,3.1053323599400899,12.215628141361501,219.552766672725]
["2016-10-24","EOD",18.965200763108001,139.932112637947,435.01681166472002,125.261408514514,4.3727363656043696,0,4.3727363656043696,54057131626.602898,40783361000,56315471413.765198,3.11957217012487,12.208600126037499,218.46978301966499]
["2016-10-21","EOD",18.973415964258901,140.78978467694799,437.48140730681899,125.971949432545,4.3727363656043696,0,4.3727363656043696,54363768797.520401,40783361000,56315471413.765198,3.0747493440307401,12.2563070202304,220.62942944566299]
["2016-10-20","EOD",18.976154364655301,140.58501433541099,436.81006519964001,125.77840204935499,4.3727363656043696,0,4.3727363656043696,54280242542.362396,40783361000,56315471413.765198,3.0866084708084802,12.250535937041899,216.44149439547601]
["2016-10-19","EOD",18.9788927649995,140.44179793868599,436.32600571543202,125.638848093966,4.3727363656043696,0,4.3727363656043696,54220017397.004799,40783361000,56315471413.765198,3.0941942556281199,12.2421515853987,217.90316072673701]
["2016-10-18","EOD",18.981631165395001,140.23020345151201,435.633900618984,125.439314757867,4.3727363656043696,0,4.3727363656043696,54133907876.592102,40783361000,56315471413.765198,3.1060241995132301,12.235651431991,219.172702144787]
["2016-10-17","EOD",18.984369565800101,139.523113676832,433.43421290666998,124.805146580423,4.3727363656043696,0,4.3727363656043696,53860229709.884102,40783361000,56315471413.765198,3.14615661477335,12.211707345436601,217.485286142333]
["2016-10-14","EOD",18.992584766975199,139.56605873664901,433.419938897517,124.801031395199,4.3727363656043696,0,4.3727363656043696,53858453782.949203,40783361000,56315471413.765198,3.14367163547145,12.216719770297299,218.61808925067999]
["2016-10-13","EOD",18.9953231673678,140.58270119825301,436.46483941715297,125.678873737195,4.3727363656043696,0,4.3727363656043696,54237290645.726196,40783361000,56315471413.765198,3.08543492850893,12.252708060128599,223.15566916418001]
[]
["Fixing ",null,"EU_EOD","2017-12-18"]
["Index ",null,"iBoxx £ Non-Financials A 10+"]
["ISIN TRi ",null,"DE000A0JY837"]
[]
["DATE","FIXINGFLAG","Years to Maturity / Expected Remaining Life","Price Return Index Level","Total Return Index Level","Gross Price Index Level","Coupon Income Index Level","Redemption Income Index Level","Income Index Level","Market Value","Nominal Value","Base Market Value","Annual Yield in %","Annual Modified Duration","Index Asset Swap Margin"]
["2016-11-09","EOD",23.542659762689301,146.63181192028699,422.20434073922002,148.01733748150801,4.62945870929547,0,4.62945870929547,51895290808.344299,38708938000,52236971060.2658,2.9804305404237801,13.6331409172822,193.40462607132599]
["2016-11-08","EOD",23.545398017133301,147.29018632305801,424.021587658633,148.65489232133001,4.62945870929547,0,4.62945870929547,52118819311.030502,38708938000,52236971060.2658,2.9497595218824499,13.675310554344099,192.589021450931]
["2016-11-07","EOD",23.548136271564399,147.98261044486901,425.93511985771499,149.32622746112099,4.62945870929547,0,4.62945870929547,52354191280.977501,38708938000,52236971060.2658,2.9170323865008601,13.708132566950599,191.611019761904]
["2016-11-04","EOD",23.556351035035,149.245709915188,429.373410675,150.532502143915,4.62945870929547,0,4.62945870929547,52777114544.721397,38708938000,52236971060.2658,2.8585406793533199,13.779776049161701,192.08181337763801]
["2016-11-03","EOD",23.559089144516701,147.746893409601,425.09058810136099,149.13689433807201,4.5225000610424804,0,4.5225000610424804,52287810560.668098,38708938000,52236971060.2658,2.9290709114576101,13.6979990041335,189.16828206886299]
["2016-11-02","EOD",23.561827253990302,148.13003975634399,426.12955157505002,149.50139966972,4.5225000610424804,0,4.5225000610424804,52415607145.2369,38708938000,52236971060.2658,2.9111864408572501,13.718091384568901,190.97665823030201]
["2016-11-01","EOD",23.564565363390599,146.60824816999499,421.78176041606798,147.976039925631,4.5225000610424804,0,4.5225000610424804,51880811770.2239,38708938000,52236971060.2658,2.98402478334885,13.651562233559,187.967163572327]
["2016-10-31","EOD",23.394150831243401,147.64793248687201,424.67727201692298,148.99188835831399,4.5225000610424804,0,4.5225000610424804,52840952532.870796,39208938000,56492064575.748001,2.9329695586490399,13.644654398997501,190.17815185159901]
["2016-10-28","EOD",23.402264710510501,147.309903370597,423.59441862757001,148.806827695458,4.3260071569164404,0,4.3260071569164404,52775319552.381401,39208938000,56492064575.748001,2.9493970743130098,13.6147060634848,188.59592921709501]
["2016-10-27","EOD",23.405002601972502,148.20191410757201,426.06206645821402,149.67632659632201,4.3260071569164404,0,4.3260071569164404,53083693052.806,39208938000,56492064575.748001,2.9077939751597799,13.670121100079999,183.513189836669]
["2016-10-26","EOD",23.407740397898799,149.366373849014,429.29695744525498,150.88666156082999,4.2555164289788401,0,4.2555164289788401,53512946303.524101,39208938000,56492064575.748001,2.8526771564299902,13.7140012017554,191.43215896217799]
["2016-10-25","EOD",23.410478193808899,150.99439349628,433.837276110289,152.48648550644799,4.2555164289788401,0,4.2555164289788401,54080334381.511597,39208938000,56492064575.748001,2.7778062016224001,13.797772773058099,191.302200468991]
["2016-10-24","EOD",23.413215989821602,150.82407126611901,433.31329729997998,152.30185664896601,4.2555164289788401,0,4.2555164289788401,54014854543.636597,39208938000,56492064575.748001,2.7858526641210899,13.794042079724701,189.55674190107999]
["2016-10-21","EOD",23.4214293775985,151.135067546665,434.05608481070698,152.563584808119,4.2555164289788401,0,4.2555164289788401,54107678155.624496,39208938000,56492064575.748001,2.7725967172753201,13.8173829221546,194.68407726125]
["2016-10-20","EOD",23.424167173569298,150.93694524559501,433.45381842288901,152.351370587057,4.2555164289788401,0,4.2555164289788401,54032414987.236702,39208938000,56492064575.748001,2.7814624193898498,13.8111154883279,189.94678005971099]
["2016-10-19","EOD",23.426904969490302,150.77336674559299,432.94883058220398,152.17343337617501,4.2555164289788401,0,4.2555164289788401,53969308385.8125,39208938000,56492064575.748001,2.7882185426347199,13.7919610575306,191.06639629949399]
["2016-10-18","EOD",23.429642765444001,150.61155714750799,432.44882413326297,151.99725140548099,4.2555164289788401,0,4.2555164289788401,53906824291.858597,39208938000,56492064575.748001,2.7958317677564199,13.7855454992688,191.90105186121801]
["2016-10-17","EOD",23.432380561452799,149.90021617318101,430.40128637400602,151.275782235918,4.2555164289788401,0,4.2555164289788401,53650950508.641899,39208938000,56492064575.748001,2.82948126924448,13.757918914708,189.67382903279201]
["2016-10-14","EOD",23.440593090084999,150.10162892421999,430.83549133015703,151.66139783450399,4.0228970267847899,0,4.0228970267847899,53787711615.339203,39208938000,56492064575.748001,2.82033493479384,13.748080542184599,190.212757621143]
["2016-10-13","EOD",23.443330554664701,151.451419003365,434.59229548785902,153.02341841843401,3.9846216893663202,0,3.9846216893663202,54270761168.018204,39208938000,56492064575.748001,2.7585554527279301,13.807337582011,194.617159476815]

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["TEMPORARY 1"]
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[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A146","v":"2016-04-29"},{"$f":"'download from BoE'!B146","v":-1.065936027536238}]
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[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A149","v":"2016-07-29"},{"$f":"'download from BoE'!B149","v":-1.6380332443219123}]
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[null,null,null,"Daily breakeven UK inflation expectations"]
[]
[null,null,null,null,"SERIES",null,"DESCRIPTION",null,{"$f":"K297","v":"2016-11-09"}]
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[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A9","v":"2016-10-17"},{"$f":"'download from BoE'!B9","v":3.1476686736869661}]
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[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A11","v":"2016-10-19"},{"$f":"'download from BoE'!B11","v":3.1916629452618923}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A12","v":"2016-10-20"},{"$f":"'download from BoE'!B12","v":3.2292089987184527}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A13","v":"2016-10-21"},{"$f":"'download from BoE'!B13","v":3.2115581276196563}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A14","v":"2016-10-24"},{"$f":"'download from BoE'!B14","v":3.2355945886505637}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A15","v":"2016-10-25"},{"$f":"'download from BoE'!B15","v":3.2461014714768219}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A16","v":"2016-10-26"},{"$f":"'download from BoE'!B16","v":3.2627307899338667}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A17","v":"2016-10-27"},{"$f":"'download from BoE'!B17","v":3.3189457599469239}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A18","v":"2016-10-28"},{"$f":"'download from BoE'!B18","v":3.3116428080422544}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A19","v":"2016-10-31"},{"$f":"'download from BoE'!B19","v":3.3297043376392317}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A20","v":"2016-11-01"},{"$f":"'download from BoE'!B20","v":3.3408473887663757}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A21","v":"2016-11-02"},{"$f":"'download from BoE'!B21","v":3.3078731793819212}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A22","v":"2016-11-03"},{"$f":"'download from BoE'!B22","v":3.2573221034745874}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A23","v":"2016-11-04"},{"$f":"'download from BoE'!B23","v":3.2232976658045058}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A24","v":"2016-11-07"},{"$f":"'download from BoE'!B24","v":3.2373540817515734}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A25","v":"2016-11-08"},{"$f":"'download from BoE'!B25","v":3.249710895642643}]
[null,null,null,null,null,null,null,null,null,null,{"$f":"'download from BoE'!A26","v":"2016-11-09"},{"$f":"'download from BoE'!B26","v":3.2857812312864234}]
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[null,"End of sheet"]

{"sheet":"RPI and currency","index":16,"n_rows":163,"n_cols":50,"rows_kept":163,"cut":false,"hidden":false,"merged":[]}
["TEMPORARY 3"]
[null,null,null,null,"Parameter",null,"Units",null,"Constant",null,"Annual values"]
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[null,null,null,null,"Year commencing",null,null,null,null,null,{"$f":"Input!K9","v":"2009-04-01"},{"$f":"+K5+1","v":"2010-04-01"},{"$f":"+L5+1","v":"2011-04-01"},{"$f":"+M5+1","v":"2012-04-01"},"2013-04-01","2014-04-01","2015-04-01","2016-04-01","2017-04-01","2018-04-01","2019-04-01","2020-04-01","2021-04-01","2022-04-01","2023-04-01","2024-04-01","2025-04-01","2026-04-01","2027-04-01","2028-04-01","2029-04-01","2030-04-01","2031-04-01","2032-04-01","2033-04-01","2034-04-01","2035-04-01","2036-04-01","2037-04-01","2038-04-01","2039-04-01","2040-04-01","2041-04-01","2042-04-01","2043-04-01","2044-04-01","2045-04-01","2046-04-01","2047-04-01","2048-04-01"]
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[]
[null,"Inflation"]
[]
[null,null,"Key index values"]
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[null,null,null,null,{"$f":"E152","v":"2016/17 RPI inflation index value (CHAW)"},null,{"$f":"G152","v":"Jan 1987 = 100"},null,{"$f":"I152","v":264.99200000000002}]
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[null,null,"UK Inflation"]
[null,null,null,null,"http://www.ons.gov.uk/ons/datasets-and-tables/data-selector.html?cdid=CHAW&dataset=mm23&table-id=2.1"]
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[null,null,null,null,"2006 JAN",null,"Jan 1987 = 100",null,193.4,null,{"$f":"IF(L28=1,1,0)","v":0},{"$f":"IF(M28=1,1,0)","v":0},{"$f":"IF(N28=1,1,0)","v":0},{"$f":"IF(O28=1,1,0)","v":0},{"$f":"IF(P28=1,1,0)","v":0},{"$f":"IF(Q28=1,1,0)","v":0},{"$f":"IF(R28=1,1,0)","v":0},{"$f":"IF(S28=1,1,0)","v":0}]
[null,null,null,null,"2006 FEB",null,"Jan 1987 = 100",null,194.2,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2006 MAR",null,"Jan 1987 = 100",null,195,null,0,0,0,0,0,0,{"$f":"IF(R30=1,1,0)","v":0},{"$f":"IF(S30=1,1,0)","v":0}]
[null,null,null,null,"2006 APR",null,"Jan 1987 = 100",null,196.5,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2006 MAY",null,"Jan 1987 = 100",null,197.7,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2006 JUN",null,"Jan 1987 = 100",null,198.5,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2006 JUL",null,"Jan 1987 = 100",null,198.5,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2006 AUG",null,"Jan 1987 = 100",null,199.2,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2006 SEP",null,"Jan 1987 = 100",null,200.1,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2006 OCT",null,"Jan 1987 = 100",null,200.4,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2006 NOV",null,"Jan 1987 = 100",null,201.1,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2006 DEC",null,"Jan 1987 = 100",null,202.7,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2007 JAN",null,"Jan 1987 = 100",null,201.6,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2007 FEB",null,"Jan 1987 = 100",null,203.1,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2007 MAR",null,"Jan 1987 = 100",null,204.4,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2007 APR",null,"Jan 1987 = 100",null,205.4,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2007 MAY",null,"Jan 1987 = 100",null,206.2,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2007 JUN",null,"Jan 1987 = 100",null,207.3,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2007 JUL",null,"Jan 1987 = 100",null,206.1,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2007 AUG",null,"Jan 1987 = 100",null,207.3,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2007 SEP",null,"Jan 1987 = 100",null,208,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2007 OCT",null,"Jan 1987 = 100",null,208.9,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2007 NOV",null,"Jan 1987 = 100",null,209.7,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2007 DEC",null,"Jan 1987 = 100",null,210.9,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2008 JAN",null,"Jan 1987 = 100",null,209.8,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2008 FEB",null,"Jan 1987 = 100",null,211.4,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2008 MAR",null,"Jan 1987 = 100",null,212.1,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2008 APR",null,"Jan 1987 = 100",null,214,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2008 MAY",null,"Jan 1987 = 100",null,215.1,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2008 JUN",null,"Jan 1987 = 100",null,216.8,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2008 JUL",null,"Jan 1987 = 100",null,216.5,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2008 AUG",null,"Jan 1987 = 100",null,217.2,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2008 SEP",null,"Jan 1987 = 100",null,218.4,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2008 OCT",null,"Jan 1987 = 100",null,217.7,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2008 NOV",null,"Jan 1987 = 100",null,216,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2008 DEC",null,"Jan 1987 = 100",null,212.9,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2009 JAN",null,"Jan 1987 = 100",null,210.1,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2009 FEB",null,"Jan 1987 = 100",null,211.4,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2009 MAR",null,"Jan 1987 = 100",null,211.3,null,0,0,0,0,0,0,0,0]
[null,null,null,null,"2009 APR",null,"Jan 1987 = 100",null,211.5,null,1,0,0,0,0,0,0,0]
[null,null,null,null,"2009 MAY",null,"Jan 1987 = 100",null,212.8,null,1,0,0,0,0,0,0,0]
[null,null,null,null,"2009 JUN",null,"Jan 1987 = 100",null,213.4,null,1,0,0,0,0,0,0,0]
[null,null,null,null,"2009 JUL",null,"Jan 1987 = 100",null,213.4,null,1,0,0,0,0,0,0,0]
[null,null,null,null,"2009 AUG",null,"Jan 1987 = 100",null,214.4,null,1,0,0,0,0,0,0,0]
[null,null,null,null,"2009 SEP",null,"Jan 1987 = 100",null,215.3,null,1,0,0,0,0,0,0,0]
[null,null,null,null,"2009 OCT",null,"Jan 1987 = 100",null,216,null,1,0,0,0,0,0,0,0]
[null,null,null,null,"2009 NOV",null,"Jan 1987 = 100",null,216.6,null,1,0,0,0,0,0,0,0]
[null,null,null,null,"2009 DEC",null,"Jan 1987 = 100",null,218,null,1,0,0,0,0,0,0,0]
[null,null,null,null,"2010 JAN",null,"Jan 1987 = 100",null,217.9,null,1,0,0,0,0,0,0,0]
[null,null,null,null,"2010 FEB",null,"Jan 1987 = 100",null,219.2,null,1,0,0,0,0,0,0,0]
[null,null,null,null,"2010 MAR",null,"Jan 1987 = 100",null,220.7,null,1,0,0,0,0,0,0,0]
[null,null,null,null,"2010 APR",null,"Jan 1987 = 100",null,222.8,null,{"$f":"IF(L79=1,1,0)","v":0},1,0,0,0,0,0,0]
[null,null,null,null,"2010 MAY",null,"Jan 1987 = 100",null,223.6,null,{"$f":"IF(L80=1,1,0)","v":0},1,0,0,0,0,0,0]
[null,null,null,null,"2010 JUN",null,"Jan 1987 = 100",null,224.1,null,{"$f":"IF(L81=1,1,0)","v":0},1,0,0,0,0,0,0]
[null,null,null,null,"2010 JUL",null,"Jan 1987 = 100",null,223.6,null,{"$f":"IF(L82=1,1,0)","v":0},1,0,0,0,0,0,0]
[null,null,null,null,"2010 AUG",null,"Jan 1987 = 100",null,224.5,null,{"$f":"IF(L83=1,1,0)","v":0},1,0,0,0,0,0,0]
[null,null,null,null,"2010 SEP",null,"Jan 1987 = 100",null,225.3,null,{"$f":"IF(L84=1,1,0)","v":0},1,0,0,0,0,0,0]
[null,null,null,null,"2010 OCT",null,"Jan 1987 = 100",null,225.8,null,{"$f":"IF(L85=1,1,0)","v":0},1,0,0,0,0,0,0]
[null,null,null,null,"2010 NOV",null,"Jan 1987 = 100",null,226.8,null,{"$f":"IF(L86=1,1,0)","v":0},1,0,0,0,0,0,0]
[null,null,null,null,"2010 DEC",null,"Jan 1987 = 100",null,228.4,null,{"$f":"IF(L87=1,1,0)","v":0},1,0,0,0,0,0,0]
[null,null,null,null,"2011 JAN",null,"Jan 1987 = 100",null,229,null,{"$f":"IF(L88=1,1,0)","v":0},1,0,0,0,0,0,0]
[null,null,null,null,"2011 FEB",null,"Jan 1987 = 100",null,231.3,null,{"$f":"IF(L89=1,1,0)","v":0},1,0,0,0,0,0,0]
[null,null,null,null,"2011 MAR",null,"Jan 1987 = 100",null,232.5,null,{"$f":"IF(L90=1,1,0)","v":0},1,0,0,0,0,0,0]
[null,null,null,null,"2011 APR",null,"Jan 1987 = 100",null,234.4,null,{"$f":"IF(L91=1,1,0)","v":0},0,1,0,0,0,0,0]
[null,null,null,null,"2011 MAY",null,"Jan 1987 = 100",null,235.2,null,{"$f":"IF(L92=1,1,0)","v":0},0,1,0,0,0,0,0]
[null,null,null,null,"2011 JUN",null,"Jan 1987 = 100",null,235.2,null,{"$f":"IF(L93=1,1,0)","v":0},0,1,0,0,0,0,0]
[null,null,null,null,"2011 JUL",null,"Jan 1987 = 100",null,234.7,null,{"$f":"IF(L94=1,1,0)","v":0},0,1,0,0,0,{"$f":"IF(R94=1,1,0)","v":0},{"$f":"IF(S94=1,1,0)","v":0}]
[null,null,null,null,"2011 AUG",null,"Jan 1987 = 100",null,236.1,null,{"$f":"IF(L95=1,1,0)","v":0},0,1,0,0,0,0,0]
[null,null,null,null,"2011 SEP",null,"Jan 1987 = 100",null,237.9,null,{"$f":"IF(L96=1,1,0)","v":0},0,1,0,0,0,0,0]
[null,null,null,null,"2011 OCT",null,"Jan 1987 = 100",null,238,null,{"$f":"IF(L97=1,1,0)","v":0},0,1,0,0,0,0,0]
[null,null,null,null,"2011 NOV",null,"Jan 1987 = 100",null,238.5,null,{"$f":"IF(L98=1,1,0)","v":0},0,1,0,0,0,0,0]
[null,null,null,null,"2011 DEC",null,"Jan 1987 = 100",null,239.4,null,{"$f":"IF(L99=1,1,0)","v":0},0,1,0,0,0,0,0]
[null,null,null,null,"2012 JAN",null,"Jan 1987 = 100",null,238,null,{"$f":"IF(L100=1,1,0)","v":0},0,1,0,0,0,0,0]
[null,null,null,null,"2012 FEB",null,"Jan 1987 = 100",null,239.9,null,{"$f":"IF(L101=1,1,0)","v":0},0,1,0,0,0,0,0]
[null,null,null,null,"2012 MAR",null,"Jan 1987 = 100",null,240.8,null,{"$f":"IF(L102=1,1,0)","v":0},0,1,0,0,0,0,0]
[null,null,null,null,"2012 APR",null,"Jan 1987 = 100",null,242.5,null,{"$f":"IF(L103=1,1,0)","v":0},0,0,1,0,0,0,0]
[null,null,null,null,"2012 MAY",null,"Jan 1987 = 100",null,242.4,null,{"$f":"IF(L104=1,1,0)","v":0},0,0,1,0,0,0,0]
[null,null,null,null,"2012 JUN",null,"Jan 1987 = 100",null,241.8,null,{"$f":"IF(L105=1,1,0)","v":0},0,0,1,0,0,0,0]
[null,null,null,null,"2012 JUL",null,"Jan 1987 = 100",null,242.1,null,{"$f":"IF(L106=1,1,0)","v":0},0,0,1,0,0,0,0]
[null,null,null,null,"2012 AUG",null,"Jan 1987 = 100",null,243,null,{"$f":"IF(L107=1,1,0)","v":0},0,0,1,0,0,0,0]
[null,null,null,null,"2012 SEP",null,"Jan 1987 = 100",null,244.2,null,{"$f":"IF(L108=1,1,0)","v":0},0,0,1,0,0,0,0]
[null,null,null,null,"2012 OCT",null,"Jan 1987 = 100",null,245.6,null,{"$f":"IF(L109=1,1,0)","v":0},0,0,1,0,0,0,0]
[null,null,null,null,"2012 NOV",null,"Jan 1987 = 100",null,245.6,null,{"$f":"IF(L110=1,1,0)","v":0},0,0,1,0,0,0,0]
[null,null,null,null,"2012 DEC",null,"Jan 1987 = 100",null,246.8,null,{"$f":"IF(L111=1,1,0)","v":0},0,0,1,0,0,0,0]
[null,null,null,null,"2013 JAN",null,"Jan 1987 = 100",null,245.8,null,{"$f":"IF(L112=1,1,0)","v":0},0,0,1,0,0,0,0]
[null,null,null,null,"2013 FEB",null,"Jan 1987 = 100",null,247.6,null,{"$f":"IF(L113=1,1,0)","v":0},0,0,1,0,0,0,0]
[null,null,null,null,"2013 MAR",null,"Jan 1987 = 100",null,248.7,null,{"$f":"IF(L114=1,1,0)","v":0},0,0,1,0,0,0,0]
[null,null,null,null,"2013 APR",null,"Jan 1987 = 100",null,249.5,null,{"$f":"IF(L115=1,1,0)","v":0},0,0,0,1,0,0,0]
[null,null,null,null,"2013 MAY",null,"Jan 1987 = 100",null,250,null,{"$f":"IF(L116=1,1,0)","v":0},0,0,0,1,0,0,0]
[null,null,null,null,"2013 JUN",null,"Jan 1987 = 100",null,249.7,null,{"$f":"IF(L117=1,1,0)","v":0},0,0,0,1,0,0,0]
[null,null,null,null,"2013 JUL",null,"Jan 1987 = 100",null,249.7,null,{"$f":"IF(L118=1,1,0)","v":0},0,0,0,1,0,0,0]
[null,null,null,null,"2013 AUG",null,"Jan 1987 = 100",null,251,null,{"$f":"IF(L119=1,1,0)","v":0},0,0,0,1,0,0,0]
[null,null,null,null,"2013 SEP",null,"Jan 1987 = 100",null,251.9,null,{"$f":"IF(L120=1,1,0)","v":0},0,0,0,1,0,0,0]
[null,null,null,null,"2013 OCT",null,"Jan 1987 = 100",null,251.9,null,{"$f":"IF(L121=1,1,0)","v":0},0,0,0,1,0,0,0]
[null,null,null,null,"2013 NOV",null,"Jan 1987 = 100",null,252.1,null,{"$f":"IF(L122=1,1,0)","v":0},0,0,0,1,0,0,0]
[null,null,null,null,"2013 DEC",null,"Jan 1987 = 100",null,253.4,null,{"$f":"IF(L123=1,1,0)","v":0},0,0,0,1,0,0,0]
[null,null,null,null,"2014 JAN",null,"Jan 1987 = 100",null,252.6,null,{"$f":"IF(L124=1,1,0)","v":0},0,0,0,1,0,0,0]
[null,null,null,null,"2014 FEB",null,"Jan 1987 = 100",null,254.2,null,{"$f":"IF(L125=1,1,0)","v":0},{"$f":"IF(M125=1,1,0)","v":0},{"$f":"IF(N125=1,1,0)","v":0},{"$f":"IF(O125=1,1,0)","v":0},{"$f":"IF(P125=1,1,0)","v":1},{"$f":"IF(Q125=1,1,0)","v":0},{"$f":"IF(R125=1,1,0)","v":0},{"$f":"IF(S125=1,1,0)","v":0}]
[null,null,null,null,"2014 MAR",null,"Jan 1987 = 100",null,254.8,null,0,0,0,0,1,0,0,0]
[null,null,null,null,"2014 APR",null,"Jan 1987 = 100",null,255.7,null,0,0,0,0,0,1,0,0]
[null,null,null,null,"2014 MAY",null,"Jan 1987 = 100",null,255.9,null,0,0,0,0,0,1,0,0]
[null,null,null,null,"2014 JUN",null,"Jan 1987 = 100",null,256.3,null,0,0,0,0,0,1,0,0]
[null,null,null,null,"2014 JUL",null,"Jan 1987 = 100",null,256,null,0,0,0,0,0,1,0,0]
[null,null,null,null,"2014 AUG",null,"Jan 1987 = 100",null,257,null,0,0,0,0,0,1,0,0]
[null,null,null,null,"2014 SEP",null,"Jan 1987 = 100",null,257.60000000000002,null,0,0,0,0,0,1,0,0]
[null,null,null,null,"2014 OCT",null,"Jan 1987 = 100",null,257.7,null,0,0,0,0,0,1,0,0]
[null,null,null,null,"2014 NOV",null,"Jan 1987 = 100",null,257.10000000000002,null,0,0,0,0,0,1,0,0]
[null,null,null,null,"2014 DEC",null,"Jan 1987 = 100",null,257.5,null,0,0,0,0,0,1,0,0]
[null,null,null,null,"2015 JAN",null,"Jan 1987 = 100",null,255.4,null,0,0,0,0,0,1,0,0]
[null,null,null,null,"2015 FEB",null,"Jan 1987 = 100",null,256.7,null,0,0,0,0,0,1,0,0]
[null,null,null,null,"2015 MAR",null,"Jan 1987 = 100",null,257.10000000000002,null,0,0,0,0,0,1,0,0]
[null,null,null,null,"2015 APL",null,"Jan 1987 = 100",null,258,null,{"$f":"IF(L139=1,1,0)","v":0},{"$f":"IF(M139=1,1,0)","v":0},{"$f":"IF(N139=1,1,0)","v":0},{"$f":"IF(O139=1,1,0)","v":0},{"$f":"IF(P139=1,1,0)","v":0},{"$f":"IF(Q139=1,1,0)","v":0},{"$f":"IF(R139=1,1,0)","v":1},{"$f":"IF(S139=1,1,0)","v":0}]
[null,null,null,null,"2015 MAY",null,"Jan 1987 = 100",null,258.5,null,0,0,0,0,0,0,1,0]
[null,null,null,null,"2015 JUN",null,"Jan 1987 = 100",null,258.89999999999998,null,0,0,0,0,0,0,1,0]
[null,null,null,null,"2015 JUL",null,"Jan 1987 = 100",null,258.60000000000002,null,0,0,0,0,0,0,1,0]
[null,null,null,null,"2015 AUG",null,"Jan 1987 = 100",null,259.8,null,0,0,0,0,0,0,1,0]
[null,null,null,null,"2015 OCT",null,"Jan 1987 = 100",null,259.60000000000002,null,0,0,0,0,0,0,1,0]
[null,null,null,null,"2015 NOV",null,"Jan 1987 = 100",null,259.5,null,0,0,0,0,0,0,1,0]
[null,null,null,null,"2015 NOV",null,"Jan 1987 = 100",null,259.8,null,0,0,0,0,0,0,1,0]
[null,null,null,null,"2015 DEC",null,"Jan 1987 = 100",null,260.60000000000002,null,0,0,0,0,0,0,1,0]
[null,null,null,null,"2016 JAN",null,"Jan 1987 = 100",null,258.8,null,0,0,0,0,0,0,1,0]
[null,null,null,null,"2016 FEB",null,"Jan 1987 = 100",null,260,null,0,0,0,0,0,0,1,0]
[null,null,null,null,"2016 MAR",null,"Jan 1987 = 100",null,261.10000000000002,null,0,0,0,0,0,0,1,0]
[null,null,null,null,"2016 APR",null,"Jan 1987 = 100",null,261.39999999999998,null,{"$f":"IF(L151=1,1,0)","v":0},{"$f":"IF(M151=1,1,0)","v":0},{"$f":"IF(N151=1,1,0)","v":0},{"$f":"IF(O151=1,1,0)","v":0},{"$f":"IF(P151=1,1,0)","v":0},{"$f":"IF(Q151=1,1,0)","v":0},{"$f":"IF(R151=1,1,0)","v":0},1]
[null,null,null,null,"2016 MAY",null,"Jan 1987 = 100",null,262.10000000000002,null,0,0,0,0,0,0,0,1]
[null,null,null,null,"2016 JUN",null,"Jan 1987 = 100",null,263.10000000000002,null,0,0,0,0,0,0,0,1]
[null,null,null,null,"2016 JUL",null,"Jan 1987 = 100",null,263.39999999999998,null,0,0,0,0,0,0,0,1]
[null,null,null,null,"2016 AUG",null,"Jan 1987 = 100",null,264.39999999999998,null,0,0,0,0,0,0,0,1]
[null,null,null,null,"2016 SEP",null,"Jan 1987 = 100",null,264.89999999999998,null,0,0,0,0,0,0,0,1]
[null,null,null,null,"2016 OCT",null,"Jan 1987 = 100",null,264.8,null,0,0,0,0,0,0,0,1]
[null,null,null,null,"2016 NOV",null,"Jan 1987 = 100",null,265.5,null,0,0,0,0,0,0,0,1]
[null,null,null,null,"2016 DEC",null,"Jan 1987 = 100",null,267.10000000000002,null,0,0,0,0,0,0,0,1]
[null,null,null,null,"2017 JAN",null,"Jan 1987 = 100",null,265.5,null,0,0,0,0,0,0,0,1]
[null,null,null,null,"2017 FEB",null,"Jan 1987 = 100",null,268.39999999999998,null,0,0,0,0,0,0,0,1]
[null,null,null,null,"2017 MAR",null,"Jan 1987 = 100",null,269.3,null,0,0,0,0,0,0,0,1]
[]
[null,null,null,null,"2016/17 RPI inflation index value (CHAW)",null,"Jan 1987 = 100",null,{"$f":"R153","v":264.99200000000002}]
[null,null,null,null,"12 month average UK RPI inflation index value (CHAW)",null,"Jan 1987 = 100",null,null,null,{"$f":"ROUND(SUMPRODUCT($I16:$I150, K16:K150) / SUM(K16:K150), 3)","v":215.767},{"$f":"ROUND(SUMPRODUCT($I16:$I150, L16:L150) / SUM(L16:L150), 3)","v":226.47499999999999},237.34200000000001,244.67500000000001,251.733,256.66699999999997,259.43299999999999,264.99200000000002]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,"End of sheet"]