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Competition and Consumer (Gas Market Code) Regulations 2023
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Competition and Consumer (Gas Market Code) Regulations 2023
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Turn the raw legal text into a practical explanation grounded in Competition and Consumer (Gas Market Code) Regulations 2023.
18 Gas initial offer—if notice of interest, supplier must issue gas final offer
(b) the supplier issues a gas initial offer to another person (the potential buyer) (whether or not in relation to a gas EOI); and
(c) the potential buyer gives the supplier, within the gas initial offer open period, a notice in writing stating that the potential buyer has an interest in receiving a gas final offer in relation to the gas initial offer; and
(d) the supplier fails, within the gas initial offer response period, to issue the potential buyer a gas final offer in relation to the gas initial offer.
(2) Subsection (1) does not apply if, during the gas initial offer open period, the potential buyer gives the supplier a buyer gas final offer in relation to the gas initial offer.