SCHEDULES

SCHEDULE 7 Transitional provisions and savings

Part II Secretary of State’s licensing schemes

Existing electricity supply licences

14

1

The Secretary of State shall as soon as practicable after the passing of this Act make a scheme under this paragraph in relation to existing licences under section 6(1)(c) of the 1989 Act which—

a

are held by a person whose activities include both of those mentioned in paragraph 1(1); and

b

are not the subject of a scheme under paragraph 13.

2

A scheme under this paragraph shall provide for each licence to which it relates to have effect on and after such date as the scheme may specify as if it were—

a

a distribution licence and a supply licence, each granted to the holder of the existing licence;

b

a distribution licence; or

c

a supply licence.

3

In this paragraph “existing”, in relation to a licence, means in force immediately before the date mentioned in sub-paragraph (1).