Forbury Assets Limited- electricity distribution licence

NOTICE UNDER SECTION 6A(5) OF THE ELECTRICITY ACT 1989 OF THE GRANT OF AN ELECTRICITY DISTRIBUTION LICENCE

The Gas and Electricity Markets Authority (“the Authority”) hereby gives notice pursuant to section 6A(5) of the Electricity Act 1989 (“the Act”) that on 08 April 2020 an electricity distribution licence was granted under section 6(1)(c) of the Act to Forbury Assets Limited (company number 11024024) whose registered office is situated at No 1 Forbury Place, 43 Forbury Road, Reading, RG1 3JH, United Kingdon (“the Licence”) authorising it to distribute electricity in the area specified in Schedule 1 (attached) for the purpose of giving a supply to any premises.

Under section 8A(2) of the Act, the Authority has modified the standard conditions of the Licence.  The modifications (as proposed) are set out in the Notice under section 8A(3) of the Act which we published at:

https://www.ofgem.gov.uk/publications-and-updates/consultation-proposed-modifications-electricity-distribution-licence-we-are-minded-grant-forbury-assets-limited

The reason why the Authority made the licence modifications is to protect the interests of consumers by:

(a)  ensuring that the standard licence conditions applicable to Distribution Services Providers are disapplied in relation to Electricity Distributors to whom the requirements of Section B of the standard conditions do not apply;

(b)  regulating Forbury Assets Limited’s charges in respect of domestic customers for the use of its distribution system on grant of the Licence; and

(c)  imposing requirements on Forbury Assets Limited in respect of its creditworthiness and indebtedness on grant of the Licence.

This document is notice of the reasons for the Authority’s decision for the purposes of section 49A(2) of the Act.

A copy of this licence is available from the Ofgem Library, 10 South Colonnade, Canary Wharf, London, E14 4PU or at foi@ofgem.gov.uk.

Barry Coughlan       

Duly authorised on behalf

of the Authority   

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