15Working out priority household obligation

15 Working out priority household obligation (1) A tier 1 NERL retailer must work out the retailer’s priority household obligation (a priority household obligation) for a compliance period (2) A NERL retailer’s priority household obligation must be— (a) expressed as a number of megawatt hours of energy; and

Section 16 page 10 Energy Efficiency (Cost of Living) Improvement Act 2012 (b) worked out as follows: RESO × PHT PHT means the priority household target determined for the RESO means the tier 1 NERL retailer’s energy savings obligation for the compliance period. (3) A NERL retailer’s priority household obligation for a compliance period may be modified by including a retailer priority household result shortfall or surplus carried over from a prior compliance period.