Page:Electricity Act 2001.pdf/16

Rh ::(ii) economic efficiency and the maintenance of such efficiency in the electricity industry;
 * (c) to perform the functions of economic and technical regulator for the electricity industry, including the exercise of licensing and regulatory functions in respect of the generation, transmission, import, export, trading and retailing of electricity, the provision of market support services, the operation of any wholesale electricity market and the establishment of standards of performance and codes of practice relating to any matter in connection therewith;
 * (d) to secure that electricity licensees whose prices are controlled by the Authority are able to provide an efficient service and maintain financial viability;
 * (e) to ensure security of supply of electricity to consumers and to arrange for the secure operation of the transmission system in accordance with the market rules or other codes of practice;
 * (f) to protect the public from dangers arising from the generation, transmission, supply or use of electricity;
 * (g) to create an economic regulatory framework in respect of the generation, transmission, import, export, trading and retail of electricity, the provision of market support services and the operation of any wholesale electricity market which—
 * (i) promotes and safeguards competition and fair and efficient market conduct or, in the absence of a competitive market, prevents the misuse of monopoly or market power; and
 * (ii) provides non-discriminatory access to any wholesale electricity market and to transmission services and market support services;
 * (h) to advise the Government on all matters relating to the generation, transmission, trading, retail and use of electricity, the provision of market support services and the operation of any wholesale electricity market; and
 * (i) to do such other things as are required under this Act and take such steps as are necessary or expedient for the effective discharge of its functions and duties under this Act.