(1) An election to be an elective participant does not take effect unless—
(a) if only part of the person's electricity load is covered by the election—the regulator is satisfied that the part will be separately metered at the commencement of the period for which the election is made; and
(b) it is accepted by the regulator.
(2) The regulator must, as soon as practicable after accepting an election, give written notice of the acceptance to—
(a) the person who made the election; and
(b) any retail supplier or electricity generator who is to supply the electricity load or the part of the load covered by the election.
(3) An election to be an elective participant that is accepted by the regulator has effect for the period stated in the notice of acceptance.
(4) However, an election by a large customer to be an elective participant ceases to have effect at the end of the year in which—
(a) the regulator gives the large customer written notice of cancellation; or
(b) the large customer notifies the regulator of its intention not to continue as an elective participant.
(5) An elective participant who does not wish to continue to be an elective participant in the next year must notify the regulator not later than 30 June before that year.
Note If a form is approved under the Act, s 65 for this provision, the form must be used.
(6) Notice for subsection (5) must be given in the way approved by the regulator.