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The Electricity and Gas (Energy Company Obligation) Order 2022
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There are currently no known outstanding effects for the The Electricity and Gas (Energy Company Obligation) Order 2022, Section 58.
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Project innovation upliftE+W+S
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58.—(1) This article applies for the purpose of determining the amount of the project innovation uplift (“IMP”) in the formula in article 55(2).
(2) For the purposes of this article, where the ECO4 project includes a qualifying action which is an innovation measure, the Administrator must—
(a)determine, in accordance with article 59, whether the participant’s general innovation allowance is exhausted; and
(b)if the participant’s general innovation allowance is not exhausted, determine, in accordance with article 60, which of the qualifying actions in the ECO4 project (if any) are uplift eligible innovation measures.
(3) The project innovation uplift (“IMP”) is—
(a)£0, where—
(i)the ECO4 project does not include a qualifying action which is an innovation measure;
(ii)the participant’s general innovation allowance is exhausted; or
(iii)none of the qualifying actions included in the ECO4 project is an uplift eligible innovation measure;
(b)in any other case, the sum of the innovation measure uplifts for each uplift eligible innovation measure which is a qualifying action forming part of the ECO4 project in question.
(4) The innovation measure uplift for an innovation measure is the amount calculated in accordance with the following formula—
KM x (R + S).
(5) In paragraph (4)—
“KM” is the determined cost savings for the innovation measure;
“R” is—
(a)
0.25, in the case of a standard innovation measure;
(b)
0.45, in the case of a substantial innovation measure;
“S” is—
(a)
0.05, where the innovation measure—
(i)
is a standard innovation measure, other than an ECO3 innovation measure, and is promoted by the participant that successfully applied under article 33 for the approval of the measure as a standard innovation measure; or
(b)
0, in all other cases.
Commencement Information
I1Art. 58 in force at 27.7.2022, see art. 1(1)
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