Electricity Act 2001 · 2020 Revised Edition · Part 6 · Wholesale Electricity Market
43. Functions and powers of Market Company
Feedback & supportLast amended by an amending law of 2018.
The functions of the Market Company are, subject to and in accordance with this Act, its electricity licence and the constituent documents —
Market Company
“Market Company” means the company which holds an electricity licence authorising it to operate any wholesale electricity market.
to operate and administer any wholesale electricity market specified in its licence;
to schedule generating units, loads and a transmission system of a transmission licensee;
to facilitate the planning and augmentation of a transmission system of a transmission licensee;
to provide information and other services to facilitate decisions for investment and the use of resources in the electricity industry; and
to exercise and perform any other powers and duties assigned to the Market Company under this Act, its licence, the market rules and any code of practice.
The Market Company may engage in any business, undertaking or activity incidental to the performance of its functions.