Part One: Introduction
1.1 This handbook has two principal sections:
- Part Two: General Overview of the ODV Valuation Approach
- Part Three: Practical Valuation and Mandatory Procedures
1.2 Part Two gives a general description of the approach to valuing system fixed assets using the Optimised Deprival Valuation (ODV) methodology, while Part Three (which is supported by a series of appendices) gives the details of the practical approach which must be applied to valuation. It is mandatory that Part Three be followed in carrying out valuations for the purposes of complying with the Electricity (Information Disclosure) Regulations 1994. Following Part Two alone would not constitute compliance with the regulations.
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