Schedule 9: Independent System Operator and Planner: transfers Schedule 12: Governance of gas and electricity industry codes: transitional provision Arrangements in connection with code consolidation
The transition to the new code governance framework may involve a period of code consolidation, in which one or more of the existing codes may be merged together, or into one or more new codes. Two of the existing codes, the Uniform Network Code and the Balancing and Settlement Code, are central to the operation of the gas and electricity markets. If either of these codes were to be merged into the other, there is a risk that the underpinning of the associated market would cease to exist as a result. To avoid this problem, this section grants the GEMA the power to create a scheme that would allow contracts established under one or more existing codes to be merged into contracts established under one or more newly consolidated codes, without any risk of disruption.