Regulation 20 New regulation 30A (provision of information by the Authority)

After regulation 30 insert—

“Provision of information by the Authority

30A.

(1)

If the Authority is notified by a supplier of last resort of that supplier’s intention to meet all or part of a failed supplier’s non-core spending obligation for a scheme year and the notification is made on or before 15th February in that scheme year, the Authority must inform the Secretary of State as soon as reasonably practicable after being so notified.

(2)

In this regulation—

• “failed supplier” means a person in respect of whose domestic customers the Authority has given a last resort supply direction;

• “last resort supply direction” means a direction given by the Authority to a licensed electricity supplier to take over responsibility for the supply of electricity to domestic customers of a failed supplier^f1;

• “supplier of last resort” means a compulsory scheme electricity supplier which has been given a last resort supply direction.”.