Pricing recommendation

Current

(1)

A pricing recommendation—

(a)

may contain recommendations about pricing principles; or

Examples—

For

example, a pricing recommendation may recommend price setting by reference to—

• the location, quantity, or period of supply of the services; or

• a general price index, the cost of production, revenue, rate of return on assets, or any other factor.

(b)

may recommend price limitations.

Examples—

For

example, a pricing recommendation may contain recommendations about—

• maximum prices, or the maximum rate of increase or the minimum rate of decrease, in maximum prices;

• average prices or average rates of increase or decrease in average prices.

(2)

A pricing recommendation remains current until—

(a)

superseded by a later pricing recommendation; or

(b)

if not superseded during a term (which cannot exceed 5 years) stated in the recommendation—the end of that term.

(3)

A pricing recommendation is only advisory and does not bind the GBE to which it relates.

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