(1)The Authority must carry out a review into whether conditions are in place for effective competition for domestic supply contracts.
(2)Such a review must, among other things, consider the extent to which progress has been made in installing smart meters for use by domestic customers.
(3)Such a review must be carried out—
(a)in the year 2020,
(b)if the tariff cap conditions are extended to have effect for the year 2021, in that year, and
(c)if the tariff cap conditions are further extended to have effect for the year 2022, in that year.
(4)As soon as practicable after carrying out the review, and in any event on or before 31 August in the year in question, the Authority must—
(a)produce a report on the outcome, which must include a recommendation as to whether or not the Authority considers that the tariff cap conditions should be extended to have effect for the following year, and
(b)publish the report and send a copy to the Secretary of State.
(5)After considering the report the Secretary of State must publish a statement setting out whether the Secretary of State considers that conditions are in place for effective competition for domestic supply contracts.
(6)The statement must be published on or before 31 October in the year in question.