Paragraph 1 Electricity Act 1989I1

England, Wales and Scotland

(1)

The Electricity Act 1989 is amended as follows.

(2)

In section 3A (principal objective and general duties of the Secretary of State and the Authority), in subsection (2)(b), for “or Part 2 of the Energy Act 2013” substitute “, Part 2 of the Energy Act 2013 or the Nuclear Energy (Financing) Act 2022”.

(3)

In section 6 (licences authorising supply, etc)—

(a)

after subsection (6C) insert—

“(6D)

The Authority may, with the consent of a relevant licensee nuclear company (within the meaning of Part 1 of the Nuclear Energy (Financing) Act 2022 (nuclear energy generation projects: regulated asset base model)), modify terms included in the company’s generation licence.”;

(b)

in subsection (7), for “or (6B)” substitute “, (6B) or (6D)”.

Annotations

Commencement

I1: Sch. para. 1 in force at 1.6.2022, see s. 44(2)(d)