Electricity Regulation Act 1999

36B

F388[Approval by Commission of statement of charges of Market Operator.

36B. (1) The Market Operator shall send each statement prepared in accordance with section 36A to the Commission for its approval (in this section referred to as the statement) and such statement, and in particular any charges referred to in it, shall not apply until such time as it has been approved by the Commission.

(2) The Commission shall consult with the Market Operator and have regard to any submission made by the Market Operator to the Commission prior to making a decision as to whether or not to approve, as the case may be, a statement submitted by the Market Operator to the Commission for approval.

(3) A statement and, in particular, charges referred to in it, shall not take effect until such time as it is approved by the Commission, subject to such modifications, if any, as the Commission considers appropriate.]

Annotations

Amendments:

F388

Inserted (1.11.2007) by Electricity Regulation (Amendment) (Single Electricity Market) Act 2007 (5/2007), s. 14, S.I. No. 731 of 2007.