Interactive Glossary

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RPI-X regulation:
RPI minus X refers to the form of price cap regulation developed in the U.K. and utilized in many countries. The price automatically adjusts for the previous year's retail price inflation (RPI) and for expected efficiency improvements (X) during the time period the price adjustment formula is in place. The X might be calculated using a number of procedures.
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Quality standards
Quality regulation
Quality measurement
Quality incentives
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Public limited company