Section 6 of the Principal Act is amended as follows:

(a) by inserting the following paragraph after paragraph (a) in subsection (1) :

(ab) to monitor and provide reports in relation to the development of competition in respect of the electricity supply industry; and

(b) by omitting from subsection (4) "have regard to" and substituting "take into account" ;

(c) by inserting the following subsection after subsection (4) :

(5)  In performing and exercising its functions and powers, other than the functions and powers referred to in subsection (1)(c) , the Regulator is to take into account the policy that it is desirable for the businesses of electricity entities and authorised retailers to be financially sustainable.