SCHEDULE 2Core supplies
SECTION 1Core electricity supplies
Settled half hourly meters
2.
(1)
In paragraph 1, “a settled half hourly meter” is a meter which—
(a)
is able to measure electricity supplied at least every half hour; and
(b)
enables the supplier to comply with provisions of its licence to determine charges between that supplier and another licence holder in respect of the transmission and trading of wholesale electricity.
(2)
In sub-paragraph (1), “licence” means—
(a)
in Great Britain, a licence within the meaning of section 6(1) of the Electricity Act 198948;
(b)
in Northern Ireland, a licence within the meaning of Article 10(1) or (2) of the Electricity (Northern Ireland) Order 199249.