
Hi FeeBee,
I'm no behavioural expert at all. But until someone else comes along, I will give you my opinion.
As we usually have two or three dogs, all bitches, at a time, there is always a difference in their ages. At the moment I have two old girls, 11 and 9, and the youngest one, who's two and a half. If I see any signs of a young dog pestering an older, I will always side with the older dog, making sure the young dog knows it's just not on to take advantage of the older dog being well behaved, and maybe reluctant to defend herself.
It doesn't matter if the pestering is done mainly "for fun", it's still not fair to let the older dog feel uncomfortable just because a young dog hasn't been taught to behave properly. The young dog won't be doing this because it's mean, dogs aren't mean, it will be doing it because it can.
From what you describe about your older dog's change in behaviour, I think she is quite unhappy at the moment. You will have to step in everytime you anticipate the unwanted behaviour from the puppy, to stop this, and preferably steer her exuberance in a more appropriate direction. The biting is not the only thing that should be stopped, all bullying should be banned from now on. That includes charging, body-smashing, stealing balls and any behaviour your older girl seems to dislike. If she feels you are backing her up, she might after a while start to take a firmer stand towards the pup. If she does that, be sure to back her up, she needs you permission to do this.
If nothing is done about the current situation, you might end up with two adult bitches not getting on at all.
Best of luck,
Karen