PART 2Overall home-heating cost reduction target
Overall home-heating cost reduction target3
1
For the period beginning with the commencement date and ending with 31st March 2026 the overall home-heating cost reduction target16 is £55,998,000 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 an ECO4A phase in accordance with article 6.
Definition of a participant4
1
A licence-holder is a participant in relation to an ECO4A phase if the licence-holder is an ECO4 participant in relation to the equivalent ECO4 phase.
2
Where a dual licence-holder is a participant by virtue of paragraph (1), that licence-holder is to be treated under this Order as two participants, of which—
a
one is a participant in respect of the supply of electricity; and
b
the other is a participant in respect of the supply of gas.
3
In this article—
“dual licence-holder” means a person holding a licence under section 6(1)(d) of the Electricity Act 1989 and a licence under section 7A(1) of the Gas Act 1986;
“ECO4 participant” means a “participant” within the meaning of the 2022 Order.