Review and termination

6Review of level at which cap is set

(1)

The Authority must, at least once every 6 months while tariff cap conditions have effect, review the level at which the cap is set.

F1(1A)

As soon as practicable after carrying out a review under subsection (1), the Authority must—

(a)

produce a statement stating whether, in consequence of the review, the Authority proposes to change the level at which the cap is set, and

(b)

send a copy of the statement to the Secretary of State.

(1B)

The Authority must publish a statement under subsection (1A) as soon as practicable after complying with that subsection.

F2(2)

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