PART 2Electricity Market Reform

CHAPTER 9Miscellaneous

66Review of certain provisions of Part 2

1

As soon as reasonably practicable after the end of the period of 5 years beginning with the day on which this Act is passed, the Secretary of State must carry out a review of the provisions of the following Chapters of this Part—

a

Chapter 2 (contracts for difference);

b

Chapter 3 (capacity market);

c

Chapter 5 (conflicts of interest and contingency arrangements);

d

Chapter 6 (access to markets);

e

Chapter 7 (the renewables obligation: transitional arrangements);

f

Chapter 8 (emissions performance standard).

2

The Secretary of State must set out the conclusions of the review in a report.

3

The report must, in particular—

a

set out the objectives of the provisions of each Chapter subject to review,

b

assess the extent to which those objectives have been achieved, and

c

assess whether those objectives remain appropriate and, if so, the extent to which those objectives could be achieved in a way that imposes less regulation.

4

The Secretary of State must lay the report before Parliament.