1(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)”.
Commencement Information
I1Sch. para. 1 in force at 1.6.2022, see s. 44(2)(d)