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Gas Industry Restructuring Act 1986
10Maximum gas prices, formulas and other charges
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10 Maximum gas prices, formulas and other charges
10 Maximum gas prices, formulas and other charges
(1) On the commencement of section 92, a standard price in force under the 1935 Act immediately before that commencement in respect of gas supplied by a gas company to a consumer shall be deemed to have been fixed under this Act as the relevant maximum price for gas so supplied.
(2) On the commencement of section 101, a formula in force under the 1935 Act for determining a standard price for gas shall be deemed to have been notified under that section as the formula for calculating the corresponding relevant maximum price.