Regulation 24 Transfer of heat network authorisations
This regulation applies where—
a person (“the new entity”) applies for authorisation to carry on a regulated activity in relation to a relevant heat network or is taken to have so applied by virtue of paragraph (2);
the regulated activity has been carried on in relation to the relevant heat network under a heat network authorisation (“the existing authorisation”) which has not been revoked;
the new entity has complied with any applicable Regulator’s regulations; and
the Regulator determines that the holder of the existing authorisation (“the transferring entity”) has consented to the transfer of the existing authorisation so far as it relates to the regulated activity and the relevant heat network mentioned in sub-paragraph (a).
Where a person has agreed to carry on a regulated activity in relation to a relevant heat network at the request of the Regulator, the person is taken to have applied to do so for the purposes of this regulation.
Where this regulation applies the Regulator may transfer the existing authorisation in whole or in part to the new entity.
Where the Regulator transfers the existing authorisation, the Regulator must give notice to the new entity and the transferring entity setting out the extent to which the existing authorisation is being transferred and when the transfer takes effect.
The Regulator may make such modifications to authorisations held by the transferring entity or the new entity as the Regulator considers appropriate to take account of the transfer and such modifications may affect—
the existing authorisation to the extent it is transferred to the new entity;
the existing authorisation to the extent it continues to be held by the transferring entity;
any other authorisation held by the new entity.