| Act of Parliament | |
 | |
| Long title | An Act to provide for the appointment and functions of a Director General of Gas Supply and the establishment and functions of a Gas Consumers' Council; to abolish the privilege conferred on the British Gas Corporation by section 29 of the Gas Act 1972; to make new provision concerning the supply of gas through pipes and certain related matters; to provide for the vesting of the property, rights and liabilities of the British Gas Corporation in a company nominated by the Secretary of State and the subsequent dissolution of that Corporation; to make provisions with respect to, and to information furnished in connection with, agreements relating to the initial supply of gas won under the authority of a petroleum production license; and for connected purposes. |
|---|---|
| Citation | 1986 c. 44 |
| Territorial extent | Great Britain |
| Dates | |
| Royal assent | 25 July 1986 |
| Other legislation | |
| Amends | |
| Repeals/revokes | |
Status: Partially repealed | |
| Text of the Gas Act 1986 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk. | |
The Gas Act 1986 (c. 44) created the framework for privatisation of the gas supply industry in Great Britain.[1] This legislation would be replacing the British Gas Corporation (government or state ownership) with British Gas plc (private ownership). The Act also established a licensing regime, a Gas Consumers’ Council, and a regulator for the industry called the Office of Gas Supply (OFGAS).
- ^ Vickers, John (1988). Privatization: An Economic Analysis. Cambridge, MA: MIT Press. p. 29. ISBN 978-0-262-72011-3.