Paragraph 8 The Office of Gas and Electricity Markets (Ofgem)I1I2I3

In section 36A of the Gas Act 1986 (functions of Ofgem with respect to competition), after subsection (10) insert—

“(11)

In making any decision, or otherwise taking action, for the purposes of any of its functions that—

(a)

by virtue of this section, are functions exercisable concurrently with the CMA, and

(b)

in the case of functions under the Competition Act 1998, are functions within Schedule 4A to the Enterprise and Regulatory Reform Act 2013 by virtue of paragraph 5 of that Schedule,

the Authority must have regard to the need for making a decision, or taking action, as soon as reasonably practicable.”