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2. In regulation 2(1) (General interpretation) of the Principal Regulations—
(1) for the definition of “individual standard of performance” substitute—
““individual standard of performance” means one of the standards of performance a supplier is required to meet under regulations 3 to 6D;”;
(2) after the definition of “micro-business customer” insert—
““new supplier” means a supplier who has responsibility for the supply of electricity or gas to the customer after the transfer of the customer from the old supplier to the new supplier;
“old supplier” means a supplier who had responsibility for the supply of electricity or gas to the customer prior to the transfer of the customer to the new supplier;”;
(3) after the definition of “supplier” insert—
““last resort supply direction” means a direction given by the Authority to a supplier to take over responsibility for the supply of electricity or gas to customers of a failed supplier(1);
“valid contract” means a contract for the supply of electricity or gas by the supplier to the customer—
that has been entered into by the customer;
that relates to the premises for which the transfer has been made; and
for which the notice of cancellation of that contract has not been received by the new supplier in accordance with any relevant contractual term or applicable statutory provision;”.
Section 7(3)(a) of the Electricity Act 1989 and section 7B(5)(a)(i) of the Gas Act 1986 enables the Gas and Electricity Markets, through a licence condition, to require a licence holder to comply with any direction given as to such matters as are specified in the licence or are of a description so specified.
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