Parliamentary approval for financial costs or for charges imposed
51 The Bill requires a money resolution. This is because clause 4 of the Bill applies sections 156 to 167 of the Energy Act 2004 to the special administration regime for smart meter communication licensees. Those sections of the 2004 Act include provision that authorises the Secretary of State to make grants and loans (section 165), to give indemnities (section 166), and to give guarantees (section 167).
52 The Bill requires a ways and means resolution. This is because clause 6 authorises the Secretary of State to modify gas and electricity licences, and clause 7 provides that the modifications could increase charges imposed by licence holders.
53 The ways and means resolution will also authorise payments into the Consolidated Fund.