legislation to underpin new electricity trading arrangements;
	separate licensing of electricity supply and distribution, and the introduction of a bar on supply and distribution licences being held by the same legal person;
	powers to adapt the licensing regime to changing market structures in future without additional primary legislation (by statutory instrument under affirmative resolution);
	alignment where appropriate of the licensing and regulatory systems for gas and electricity (for example by introducing the concept of standard conditions for electricity licences);
	new “collective” licence modification procedures enabling the Authority to modify standard licence conditions without a Competition Commission reference even if some utility companies disagree;
Summary and Background Gas and electricity regulation