Article 3 Overall home-heating cost reduction targetI1

England, Wales and Scotland

(1)

For the period beginning with the commencement date and ending with F131st December 2026 the overall home-heating cost reduction target^f1 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

Textual amendments

F1: Words in art. 3(1) substituted (26.3.2026) by The Electricity and Gas (Energy Company Obligation) (Amendment) (Specified Period) Order 2026 (S.I. 2026/361), arts. 1(2), 2(3)

Commencement

I1: Art. 3 in force at 27.7.2022, see art. 1(1)

Footnotes

f1: 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.