SCHEDULES

SCHEDULE 18Property arrangements schemes

Supplementary

I121

The Secretary of State may by order designate the holder of a transmission licence as the system operator for the purposes of this Schedule.

I222

An application under this Schedule is not allowed to be made orally.

I323

1

In this Schedule—

  • “existing transmission licence” means a transmission licence which is in force immediately before the day on which section 136 comes into force;

  • “implementation purposes” means the purposes of implementing the new trading and transmission arrangements in accordance with the timetable for implementation for the time being published by GEMA;

  • “property arrangements scheme” has the meaning given by paragraph 1(2);

  • “relevant existing transmission licence holder”, in relation to a property arrangements scheme, or an application for such a scheme, means the existing transmission licence holder to whose property, rights or liabilities the scheme, or application, relates;

  • “system operator” means the person designated under paragraph 21;

  • “third party”, in relation to a property arrangements scheme, means a person other than the system operator or the relevant existing transmission licence holder.

2

For the purposes of this Schedule, a provision of a property arrangements scheme adversely affects a third party if—

a

his consent or concurrence would be required to the making of the provision otherwise than by means of the scheme, and

b

he does not consent to the making of the provision by means of the scheme.