Notice of consent to transfer an electricity supply licence from LCC Group Limited to LCC Power Limited
Licence modification
- Publication date
- Company
- LCC Group Limited LCC Power Limited
- Industry sector
- Supply and Retail Market
- Licence type
- Electricity Supply Licence
CONSENT TO TRANSFER SECTION 7A OF THE ELECTRICITY ACT 1989
Whereas
A. LCC Group Limited (company registration number NI031142) (“the transferor”) is the holder of an electricity supply licence (“the Licence”) granted under section 6(1)(d) of the Electricity Act 1989 (“the Act”).
B. Section 7A of the Act provides that an electricity supply licence may be transferred by the licence holder –
(i) with the consent of the Gas and Electricity Markets Authority (“the Authority”); and
(ii) subject to any term of the licence relating to its transfer.
C. Paragraph 2 of Part 1 of the Licence provides that the Licence is subject to transfer in accordance with the Act, the special conditions or the conditions.
D. LCC Group Limited has applied to the Authority for its consent to transfer the licence to LCC Power Limited (company registration number NI608111), (“the transferee”).
E. The transferee has satisfied the Authority as to the criteria set out in section 7A(6) of the Act;
F. The Authority gave notice under section 7A(9) of the Act of its intention to consent to the transfer of the licence on 7 April 2021 and no objection was received within the period of notice.
Consent to transfer
With effect from 30 June 2021 the Authority, pursuant to section 7A of the Act, consents to the transfer of the whole of the licence to the transferee which is proposed to take place on 1 July 2021.
Lesley Nugent
Duly authorised on behalf of the Gas and Electricity Markets Authority