Paragraph 2 Amendments to 2018 ActI1

Section 1 (cap on standard variable and default rates) is amended as follows.

After subsection (3) insert—

“(3A)

If tariff cap conditions cease to have effect by virtue of section 8 in the case of supply licences for the supply of gas but continue to have effect in the case of supply licences for the supply of electricity, or vice versa, the reference in subsection (2)(b) to the standard supply licence conditions is to be construed accordingly.”

In subsection (6), after paragraph (d) insert—

“(e)

the need to set the cap at a level that takes account of the impact of the cap on public spending.”

After subsection (6) insert—

“(6A)

In performing the duty under subsection (6)(e), the Authority must have regard to any information provided to it by the Secretary of State, or any guidance given by the Secretary of State, in relation to the matter mentioned in that provision.”