sec.327Transitional retail contracts

sec.327 Transitional retail contracts

This section applies on the FRC day if— immediately before that day, a customer retail contract under the pre-amended Act (the existing contract ) was in force between a customer and a retailer for the provision of customer retail services to premises; and in the 12 months before the FRC day, the customer at the premises consumed more than 1TJ, but less than 10TJ, of processed natural gas; and notified prices applied to the customer for the provision of the services to the premises. The existing contract ends. The ending of the existing contract does not affect rights or obligations accrued under it before the FRC day. The customer and the retailer are taken to have entered into a a new retail contract (the transitional retail contract ) for the provision of the services to the premises. The terms of the transitional retail contract are the retailer’s terms for retail contracts of the type to which this section applies, as published on the area retailer’s website and given to QCA no later than 5 days before the FRC day. The retailer must, as soon as practicable after publishing the terms under subsection (5), give the customer a notice that the terms of the retailer’s transitional retail contracts may be inspected on its website. The customer and the retailer are taken to have agreed to comply with the terms and to have entered into the transitional retail contract as a deed. New section 207 applies to the transitional retail contract as if a reference in the section to a standard retail contract were a reference to the transitional retail contract. This section is subject to the retailer of last resort scheme. s 327 amd 2005 No. 51 s 37 sub 2006 No. 60 s 167 (sec.327-ssec.1) This section applies on the FRC day if— immediately before that day, a customer retail contract under the pre-amended Act (the existing contract ) was in force between a customer and a retailer for the provision of customer retail services to premises; and in the 12 months before the FRC day, the customer at the premises consumed more than 1TJ, but less than 10TJ, of processed natural gas; and notified prices applied to the customer for the provision of the services to the premises. (sec.327-ssec.2) The existing contract ends. (sec.327-ssec.3) The ending of the existing contract does not affect rights or obligations accrued under it before the FRC day. (sec.327-ssec.4) The customer and the retailer are taken to have entered into a a new retail contract (the transitional retail contract ) for the provision of the services to the premises. (sec.327-ssec.5) The terms of the transitional retail contract are the retailer’s terms for retail contracts of the type to which this section applies, as published on the area retailer’s website and given to QCA no later than 5 days before the FRC day. (sec.327-ssec.6) The retailer must, as soon as practicable after publishing the terms under subsection (5), give the customer a notice that the terms of the retailer’s transitional retail contracts may be inspected on its website. (sec.327-ssec.7) The customer and the retailer are taken to have agreed to comply with the terms and to have entered into the transitional retail contract as a deed. (sec.327-ssec.8) New section 207 applies to the transitional retail contract as if a reference in the section to a standard retail contract were a reference to the transitional retail contract. (sec.327-ssec.9) This section is subject to the retailer of last resort scheme.