Schedule 9: Independent System Operator and Planner: transfers Schedule 12: Governance of gas and electricity industry codes: transitional provision Compensation
The code governance reforms may have an adverse financial impact on certain parties, for example those who have lost contracts or employees. This provision establishes a duty for the relevant code manager to compensate persons as required. It also describes how claims for compensation related to the use of these powers will be handled, as well as who is eligible to claim compensation. The Secretary of State may in each case give a direction on who is to pay compensation if it is not appropriate for the code manager to pay.