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Regulation 36 Provision of information by the Authority

Original text. Later amendments are not shown.

(1)

The Authority must notify the Secretary of State if—

(a)

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

(b)

that notification is made on or before 15th February in that scheme year.

(2)

A notification under paragraph (1) must be given by the Authority as soon as reasonably practicable after it is notified by the supplier of last resort.

(3)

For the purposes of this regulation—

(a)

a “supplier of last resort” is a compulsory scheme electricity supplier who is given a direction (a “last resort supply direction”) by the Authority to take over responsibility for the supply of electricity to another person’s GB domestic customers;

(b)

a “failed supplier” is a person in respect of whose GB domestic customers the Authority gives a last resort supply direction.