Notice of proposed modifications to Condition 2 (1) of electricity generation and DSU generation/supply licences

Today the Utility Regulator publishes an Article 14 (2) Notice indicating its proposed modifications to a number of electricity generation and DSU generation/supply licences held by a number of licensees. The proposed modification will amend the financial year in Condition 2(1) of the stated licences and is to ensure that the financial year in each licence aligns with the financial statements of the licence holder in each case. The need to modify relevant licences has become apparent through our monitoring of licence compliance.

A separate Article 14 (2) Notice is also proposed in respect of a number of DSUs (who have been granted both an electricity generation and supply licence).  Similarly to the modifications proposed to a number of electricity generation licences, the proposed modification will amend the financial year in Condition 2(1) of the stated DSU generation and supply licences to ensure that the financial year stated in each licence aligns with the financial statements of the licence holder in each case.

The relevant licence holders have received prior notification of the proposed modifications from the Utility Regulator.

We have also published this consultation on CitizenSpace.