PES Licence definition

PES Licence means a licence granted or to be granted under section 6(1)(c) of the Act;

PES Licence means the licence granted to REC by the Secretary of State under Section 6 of the Electricity Act authorising REC to distribute and/or supply electricity within an authorised area to the public, or any additional or replacement licence(s) for the supply and/or distribution of electricity granted from time to time to any member of the Group (or, if more than one replacement, the most recent such replacement), each as amended or modified from time to time;

PES Licence means the public electricity supply licence granted by the Secretary of State to Eastern Electricity plc under the Electricity Act (but for the avoidance of doubt excluding for this purpose any second tier licence) as in effect on the date of the Pricing Supplement and/or any Successor Licence.

Examples of PES Licence in a sentence

• It is, however, open to the DGES to seek modification of the PES Licence at any time by agreement with the licensee or, in the absence of agreement, following a reference to the Competition Commission under the Electricity Act 1989.

• PES Licence Condition 22 (Scotland,16); Second Tier Supply Licence Condition 33 (Scotland, 34)Gas Suppliers’ Standard Licence Condition 16.

• PES Licence Condition 23B (Scotland, 17B); Second Tier Supply Licence Condition 37 (Scotland, 38).

• PES Licence Condition 20 (Scotland,14); Second Tier Supply Licence Condition 31 (Scotland,32)Gas Suppliers’ Standard Licence Condition 17.

• No modification or amendment of any of the terms of the PES Licence has been made or proposed by way of consultation with interested parties by the Director General or the Secretary of State pursuant to Section 11, 14 or 15 of the Act or in accordance with the conditions set out in the PES Licence which has a Material Adverse Effect.

More Definitions of PES Licence

PES Licence means the public electricity supply licence granted by the Secretary of State to Eastern Electricity plc under the Electricity Act (but for the avoidance of doubt excluding for this purpose any second tier licence) as in effect on the date of the relevant Pricing Supplement.

PES Licence means the public electricity supply licence granted by the Secretary of State for Scotland to the Issuer under the Electricity Act (but for the avoidance of doubt excluding for this purpose any second tier licence) as comprised in the Composite Licence as in effect on the date of the relevant Pricing Supplement;

PES Licence. PES's licence granted pursuant to Section 6 of the Act;

PES Licence has the meaning set out in Condition 7;

PES Licence has the meaning set out in Condition 3(j);

PES Licence means the public electricity supply licence granted to the Principal under s.6(1)(c) of the Act, as modified from time to time.

PES Licence has the meaning set out in Condition 8(d)(vii)(A)(aa);