ELECTRICITY INDUSTRY ACT 2000 - SECT 40MAB Declaration of TFiT scheme terms and conditions

ELECTRICITY INDUSTRY ACT 2000 - SECT 40MAB

    (1)     This section applies if the Minister receives a report from the Commission under—

        (a)     section 40J containing ESC recommended TFiT scheme terms and conditions; or

        (b)     section 40L containing ESC determined TFiT scheme terms and conditions.

    (2)     The Minister, by notice published in the Government Gazette, may declare that—

        (a)     ESC recommended TFiT scheme terms and conditions apply to the purchase of TFiT scheme electricity by the relevant licensee or small retail licensee named in the declaration whose terms and conditions were assessed by the Commission as not being fair and reasonable;

        (b)     ESC determined TFiT scheme terms and conditions apply to the purchase of TFiT scheme electricity by the non-complying licensee named in the declaration.

S. 40MB inserted by No. 41/2009 s. 12.