(1) This section applies if—
(a) a trigger event within the meaning of section 49A of the Electricity Industry Act 2000 occurs before the commencement day in respect of a licensee (within the meaning of that Act); and
(b) a licensee's obligation as the supplier of last resort under section 49D of Electricity Industry Act 2000 that is related to the trigger event has not ended before the commencement day.
(2) Despite the repeal of Division 8 of Part 2 of the Electricity Industry Act 2000 by this Act, that Division continues to apply to a licensee that has the obligation to supply or sell electricity to a relevant customer of a defaulting licensee (within the meaning of section 49A of that Act) on and after the commencement day until that obligation ends under section 49D(6) of that Act.