Regulation 47 Interpretation of Part 6I1

In this Part—

• “Authority’s functions” means—

  1. (a)

     functions conferred on the Authority by or by virtue of the Act (including by these Regulations); and

  2. (b)

     the Authority’s functions relating to the regulation of any RCC party in accordance with its relevant licence;

• “CFD counterparty” means the person or persons designated as a counterparty for contracts for difference in accordance with section 7 of the Energy Act 2013^f1;

• “nuclear administrator” has the meaning given in section 39(1) of the Act;

• “revenue collection counterparty’s functions” means—

  1. (a)

     functions conferred on the revenue collection counterparty by or by virtue of the Act (including by these Regulations); and

  2. (b)

     duties or obligations of the revenue collection counterparty arising under or by virtue of any revenue collection contract to which it is a party;

• “Secretary of State’s functions” means—

  1. (a)

     functions conferred on the Secretary of State by or by virtue of the Act (including by these Regulations); and

  2. (b)

     the Secretary of State’s functions in relation to the formulation, development, monitoring and review of energy policy.