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Amendment of section 2 of Act of 1999
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8. The Act of 1999 is amended in section 2 by substituting the following for the definition of “the Single Electricity Market”:
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“ ‘the Single Electricity Market’ means the arrangements in the State and Northern Ireland—
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(a) initially described in the Memorandum of Understanding,
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(b) designed to promote the establishment and operation of a single competitive wholesale electricity market in the State and Northern Ireland, and
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(c) which allow for the efficient application of the European Union rules for cross-border trade in electricity contained within or adopted pursuant to the Electricity Market Regulation as amended from time to time and as supplemented by—
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(i) network codes established under Article 6 of that Regulation, and
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(ii) guidelines adopted under Article 18 of that Regulation;”.
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