Having electricity, for the present (7)

I believe the answer is:

current

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'the present' is the definition.
(I've seen this before)

I don't understand the remainder of the clue.

(Other definitions for current that I've seen before include "flower" , "Flow, of a river say" , "Contemporary" , "Present - tide" , "Flow of electricity" .)

I've seen this clue in the Evening Standard.

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