Schedule 2, Part 1, paragraph 5

A utilities contract between a utility and a relevant joint venture to which that utility is party, where— the joint venture was formed for the purpose of carrying out a utility activity for at least three years, and the parties to the joint venture are committed, by way of a written agreement, to continue to be parties to the joint venture for a period of three years following the date of that agreement. In this Schedule, “relevant joint venture” means a joint venture— formed for the purpose of carrying out a utility activity; where each party to the joint venture is a utility.

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Source: legislation.gov.uk · retrieved 2026-09-04