41Interpretation of Part 1
(1)In this Part—
“distribution system” has the meaning given by section 4(4) of the Electricity Act 1989 (c. 29);
“financial year” (except in Schedule 3) means—
(a)the period beginning with the day on which the Council is established and ending with the next following 31 March, and
(b)each successive period of 12 months;
“functions” includes powers and duties;
“gas” has the meaning given by section 48(1) of the Gas Act 1986 (c. 44);
“licensed water supplier” means a company holding a water supply licence under Chapter 1A of Part 2 of the Water Industry Act 1991 (c. 56);
“modify” includes amend, add to, revoke or repeal (and references to “modification” are to be read accordingly);
“postal services” has the same meaning as in the Postal Services Act 2000 (c. 26) (see section 125(1) of that Act);
“regulatory body” means a person who exercises regulatory functions in relation to a particular description of persons with a view to ensuring compliance with particular standards of conduct (whether statutory or non-statutory) by those persons;
“relevant postal services” means any postal services provided in connection with the provision of a universal postal service (within the meaning of the Postal Services Act 2000) and any other postal services which are provided, or authorised or required to be provided, by a licence holder under Part 2 of that Act in accordance with a licence under that Part.
(2)In this Part—
(a)expressions used, as regards matters relating to gas, which are defined in section 48 of the Gas Act 1986 have the same meaning as in Part 1 of that Act, and
(b)expressions used, as regards matters relating to electricity, which are defined in section 64 of the Electricity Act 1989, have the same meaning as in Part 1 of that Act.