Retail Exit Code definition

Retail Exit Code means Ofwat’s code setting out the basis for schemes which set out the terms and conditions which apply where a wholesaler has exit the non-household retail market and affected customers have not otherwise negotiated a contract with the relevant retailer;
Sample 1Sample 2Sample 3
Retail Exit Code means the Code referred to in paragraph 30 of The Water and Sewerage Undertakers (Exit from Non-household Retail Market) Regulations 2016.
Sample 1

Examples of Retail Exit Code in a sentence

  • Our Charges will be reviewed periodically on the basis described in Retail Exit Code and under this Clause 4 and Clause 16 of these Terms.

  • This Scheme is made under Regulation 29 of the Retail Exit Regulations, and the Retail Exit Code.

  • There may be additional opportunities for students to make up days after school during the month of May but SHARP sessions may conclude at the end of April each school year.

  • Our Charges will be reviewed periodically on the basis described in Retail Exit Code and under this Clause 4 and Clause 17 of these Terms.

  • The objectives of the Credit Committee are to: • Carry out required investigation and evidence gathering from trading parties and others; • Engage with third parties, i.e. credit rating agencies, as necessary; • Liaise with Ofwat regarding the review of the Retail Exit Code, if appropriate; and • Make recommendation on code Change Proposal to the Panel.

  • The relevant sections of the Retail Exit Code are: Section 4 ‘Provisions about Schemes of Terms and Conditions for Eligible Exit Area Customers who are SMEs’ and Section 5 ‘Provisions about Schemes of Terms and Conditions for Eligible Exit Area Customers who are not SMEs’.

  • Section 4.2.5 of the Retail Exit Code effective 1 April 2017 states, ‘ Where an Eligible Exit Area Customer relocates within the same Area the Licensee should continue to offer the same Scheme of Terms and Conditions’.

  • The Retail Exit Code already sets out the principles upon which the price and non-price elements for the Schemes of Terms and Conditions will be developed by Retailers.

  • Retail Exit Code: The code issued by the Authority pursuant to Regulation 30 of the Exit Regulations.

  • We welcome the opportunity to respond to Ofwat’s consultation on changes to its Retail Exit Code (REC).

Related to Retail Exit Code

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