SCHEDULES

SCHEDULE 1 The Gas and Electricity Markets Authority

Terms of appointment, remuneration, pensions etc.

F13

1

An appointment of a person to hold office as chairman or other member must be for a term of not less than 5 years and not more than 7 years.

2

But in appointing as chairman or other member a person who is on the Authority’s staff, the Secretary of State may make the appointment subject to a condition that the appointment will end if that person ceases to be on the Authority’s staff.

3

The appointment of a person as chairman or other member may be renewed only once.

4

The Secretary of State must ensure that there is sufficient continuity in the persons holding office as chairman or other member in determining—

a

the term of a person’s appointment in accordance with sub-paragraph (1) (whether initially or on renewal); and

b

whether or not to renew an appointment in accordance with sub-paragraph (3).

5

A person holding office as chairman or other member may resign that office by giving notice in writing to the Secretary of State.

6

A person holding office as chairman or other member may be removed from office by the Secretary of State on one of the following grounds only—

a

a breach of paragraph 2A;

b

incapacity; or

c

misbehaviour.