(1)Schedule 16 makes provision about mergers of energy network enterprises.
(2)The Secretary of State must carry out a review of the operation of sections 68A to 68F of, and Schedule 5A to, the Enterprise Act 2002 (inserted by Schedule 16) before the end of the period of 5 years beginning with the day on which paragraph 2 of Schedule 16 to this Act comes into force.
(3)The Secretary of State must set out the conclusions of the review in a report.
(4)The report must, in particular—
(a)set out the objectives of the provisions 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.
(5)The Secretary of State must lay the report before Parliament.