Article 3 Overall home-heating cost reduction target
(1)
For the period beginning with the commencement date and ending with 31st March 2026 the overall home-heating cost reduction targetf1 is £224.3 million in annual cost savings.
(2)
The overall home-heating cost reduction target is to be apportioned between licence-holders who are participants in relation to a phase in accordance with article 6.
Annotations
Footnotes
- f1
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See section 33BD(2)(b) of the Gas Act 1986 and section 41B(2)(b) of the Electricity Act 1989 for the definition of “home-heating cost reduction target”. Section 103A(1) of the Utilities Act 2000 provides for the specification of an overall target.