Page:Electricity Act 2001.pdf/24

Rh ::(ii) the fixing of a maximum price or maximum rate of increase or minimum rate of decrease in the maximum price;
 * (iii) the fixing of an average price or an average rate of increase or decrease in the average price;
 * (iv) the setting of pricing policies or principles;
 * (v) the setting of prices with reference to a general price index, the cost of production, a rate of return on assets employed or any specified factor; and
 * (vi) the setting of prices with reference to the quantity, location, period or other specified factors relevant to the activities authorised by the licence;
 * (c) in the case of a transmission licensee, market support services licensee or an electricity licensee authorised to operate any wholesale electricity market—
 * (i) imposing controls and restrictions, directly or indirectly, on the creation, holding or disposal of shares in the licensee or its shareholders or of interests in the undertaking of the licensee or any part thereof; and
 * (ii) imposing restrictions on the carrying on by the licensee of any trade or business which is not related to the activity which the licensee is authorised by its electricity licence to carry on; and
 * (d) which provides for any one or more of the conditions specified in the electricity licence to cease to have effect at such times and in such manner and circumstances as may be specified in or determined by or under the condition.

(8) The Authority shall in writing notify an applicant for the grant or extension of an electricity licence of its decision to grant or refuse to grant or extend the licence and, in the case of a decision to refuse to grant or extend the licence, the reasons for its decision.

(9) Any person who is aggrieved by a refusal of the Authority to grant or extend an electricity licence may, within 14 days of the refusal, appeal to the Minister, whose decision shall be final.