Renewables Obligation buy-out price CP13 2014-15

Posted on 24 February 2014

Wind turbinesThe Renewables Obligation (RO) is the main support scheme for renewable electricity projects in the UK. It places an obligation on UK electricity suppliers to source an increasing proportion of their electricity from renewables.

For the thirteenth obligation, or compliance period CP13, which runs between 1 April 2014 – 31 March 2015, the ROC buy-out price has been set by Ofgem at £43.30/ROC.

A Renewables Obligation Certificate (ROC) is a green certificate issued to an accredited generator for eligible renewable electricity generated within the United Kingdom and supplied to customers within the United Kingdom by a licensed electricity supplier.

A technology dependant number of ROCs are issued for each megawatt hour (MWh) of eligible renewable output generated.

The Greenspan Agency offers a bureau service which includes the handling of more than 40,000 ROCs per annum. The bureau service covers monthly Ofgem data submission, invoicing and cash collection for ROC and FiT sites.

Please see our RO page for banding levels and more information.