(1)Sections 4AA to 4B of the Gas Act 1986 (c. 44) (principal objectives and general duties) apply to the carrying out, as respects the matters mentioned in subsection (2), of functions conferred on the Secretary of State or the Authority by or under—
(a)sections 88 to 90;
(b)section 94.
(2)The matters are—
(a)activities required to be authorised by gas licences,
(b)such licences and the conditions of such licences,
(c)documents maintained in accordance with the conditions of such licences, or agreements that give effect to documents so maintained, and
(d)companies holding such licences.
(3)In section 4AA(2)(b) of the Gas Act 1986 (c. 44) (duty to have regard to ability of licence holders to finance obligations) for “or the Utilities Act 2000” substitute “, the Utilities Act 2000 or Part 5 of the Energy Act 2008”.
(4)Sections 3A to 3D of the Electricity Act 1989 (c. 29) (principal objectives and general duties) apply to the carrying out, as respects the matters mentioned in subsection (5), of functions conferred on the Secretary of State or the Authority by or under—
(a)sections 41 to 43;
(b)sections 84 to 86;
(c)sections 88 to 90;
(d)section 97.
(5)The matters are—
(a)activities required to be authorised by electricity licences,
(b)such licences and the conditions of such licences,
(c)documents maintained in accordance with the conditions of such licences, or agreements that give effect to documents so maintained, and
(d)companies holding such licences.
(6)In section 3A(2)(b) of the Electricity Act 1989 (duty to have regard to ability of licence holders to finance obligations) for “or Part 2 or 3 of the Energy Act 2004” substitute “, Part 2 or 3 of the Energy Act 2004 or Part 2 or 5 of the Energy Act 2008”.
(7)In this section—
“the Authority” means the Gas and Electricity Markets Authority;
“electricity licence” means a licence for the purposes of section 4 of the Electricity Act 1989 (prohibition on unlicensed activities);
“gas licence” means a licence for the purposes of section 5 of the Gas Act 1986 (prohibition on unlicensed activities).