In this Part—

• “distribution system” has the meaning given by section 4(4) of the Electricity Act 1989 (c. 29);

• “financial year” (except in Schedule 3) means—

  1. a

     the period beginning with the day on which the Council is established and ending with the next following 31 March, and

  2. b

     each successive period of 12 months;

• “functions” includes powers and duties;

• “gas” has the meaning given by section 48(1) of the Gas Act 1986 (c. 44);

• “licensed water supplier” means a company holding a water supply licence under Chapter 1A of Part 2 of the Water Industry Act 1991 (c. 56);

• “modify” includes amend, add to, revoke or repeal (and references to “modification” are to be read accordingly);

• F1 “ postal operator ” has the same meaning as in Part 3 of the Postal Services Act 2011 (see section 65 of that Act);

• “postal services” has the same meaning as in the F2Part 3 of the Postal Services Act 2011 (see section 65 of that Act);

• “regulatory body” means a person who exercises regulatory functions in relation to a particular description of persons with a view to ensuring compliance with particular standards of conduct (whether statutory or non-statutory) by those persons;

• F3...