Renewables Obligation buy-out price CP14 2015 – 2016

Posted on 13 February 2015

Dounepark - operational 2 - croppedThe 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 fourteenth obligation, or compliance period CP14, which runs between 1 April 2015 – 31 March 2016, the ROC buy-out price has been set by Ofgem at £44.33/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 60,000 ROCs per annum. The bureau service covers PPA negotiation, monthly Ofgem data submission, invoicing and cash collection for ROC and FiT sites.

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