PART IV TRANSITIONAL PROVISIONS

41 Conversion of existing electricity supply licences
1 In this regulation—
(a) references to an existing supply licence are to a licence under Article 10(2) of the 1992 Order which is in force immediately before the commencement date; and
(b) references to the commencement date are to the date on which regulation 6 comes into operation.
2 An existing supply licence shall have effect on and after the commencement date—
(a) as a licence under Article 10(1)(c) of the 1992 Order (as amended by these Regulations); and
(b) with such incidental, consequential and supplementary modifications as appear to the Authority to be necessary or expedient.
3 Modifications under paragraph (2)(b) may relate to—
(a) the terms of a licence; or
(b) the conditions of a licence.
4 As soon as practicable after the commencement date, the Authority shall publish the text of each licence modified under this regulation.
5 Before modifying any licence under paragraph (2)(b), the Authority shall consult the holder of the licence in such manner as it considers appropriate.
6 Paragraph (5) may be satisfied by consultation before, as well as by consultation after, the commencement date.