Schedule 4, paragraph 7

Schedule 5A (energy network mergers affecting comparative regulation: modifications of Chapter 1 of Part 3) is amended as follows. In paragraph 2 (modifications of section 23), in paragraph (a), in the substituted text, for “£70 million” substitute “£100 million”. In paragraph 3 (modifications of section 28), for paragraphs (b) and (c) substitute— in subsection (5)— in the words before paragraph (a), for “The CMA shall” there were substituted “The CMA and the Gas and Electricity Markets Authority must each”; in paragraph (a), for “the sums for the time being mentioned in section 23(1)(b), (2)(c) and (4E)” there were substituted “the sum for the time being mentioned in section 23(1)(b)”; in paragraph (b), for “sums are” there were substituted “sum is”; in subsection (6)— for “section 23(1)(b), (2)(c) and (4E)” there were substituted “paragraph 2(a) of Schedule 5A”; for “sums” there were substituted “sum”.

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Source: legislation.gov.uk · retrieved 2026-07-30