Part I New regulatory arrangements
I11 Gas and Electricity Markets Authority.
1
There shall be a body corporate to be known as the Gas and Electricity Markets Authority (in this Act referred to as “the Authority”) for the purpose of carrying out—
a
functions transferred to the Authority from the Director General of Gas Supply and the Director General of Electricity Supply; and
b
the other functions of the Authority under this Act.
2
The functions of the Authority are performed on behalf of the Crown.
3
The offices of Director General of Gas Supply and Director General of Electricity Supply are abolished.
4
Schedule 1 has effect with respect to the Authority.