ROC Recycle Value 2016-17

ROC Recycle Value 2016-17

The total Renewables Obligation for electricity suppliers in the UK was 100,748,885 ROCs for 2016/17. Suppliers were able to meet their obligations either through presenting ROCs or making buy-out payments at £44.77 per ROC, or a combination of both. Only 90,214,078 ROCs were presented by suppliers in the UK resulting in a shortfall of 10.5%. The recycle value for the 16/17 compliance period (CP15) is approximately £4.89 / ROC...

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Another successful year at The Royal Highland Show!

Another successful year at The Royal Highland Show!

Greenspan had another very successful year as a main sponsor of The Royal Highland Show, which ran from Thursday 22 June to Sunday 25 June at the Royal Highland Centre in Ingliston. Based in the Sponsors’ Lounge, we had the opportunity to meet with both new and existing clients to discuss our services and how we can continue supporting their businesses. Greenspan also welcomed a group of pupils from St Fergus Primary in Aberdeenshire, who...

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Wind able to power 95% of Scottish homes in May 2017

Wind able to power 95% of Scottish homes in May 2017

Research is now showing that a very windy May provided enough energy to power 95% of Scottish homes for the month. Wind turbines contributed 863,494.63 MWh of electricity to the National Grid in May 2017, an increase of almost a fifth from May 2016. On 11 of a total 31 days in May, wind generated enough energy to supply 100% of Scottish homes. Looking at Scotland’s energy needs on a larger scale, wind power generated almost half (46%) of...

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Greenspan at The Royal Highland Show 2017

Greenspan at The Royal Highland Show 2017

The Greenspan Agency are pleased to announce their continued major sponsorship of The Royal Highland Show 2017. Held at the Royal Highland Centre in Ingliston, the show attracts around 200,000 visitors annually. This year’s show will be held from Thursday 22nd to Sunday 25th June. Celebrating The Royal Highland Show’s 177th year, the theme for the 2017 show is World Class, with a special focus on Aberdeenshire farming and products....

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National Grid announce the Triad periods for Nov16-Feb 17

National Grid announce the Triad periods for Nov16-Feb 17

Greenspan have now concluded their Triad Warning System for Nov 16 – Feb 17. Of the 120 day Triad season, Greenspan issued 23 Triad warnings including successfully issuing a warning on each of the confirmed Triad periods on either a “Likely” or a “Very Likely” scale. The triad dates confirmed by National Grid...

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Reminder: SmartestEnergy will withdraw from the FiT scheme as of 31st March 2017

Reminder: SmartestEnergy will withdraw from the FiT scheme as of 31st March 2017

As many will already know, SmartestEnergy will no longer participate in the Feed-in Tariff scheme as a voluntary FiT Licensee from 31st March 2017. In order to continue receiving FiT payments from 1st April 2017, generators are required to appoint an alternative licensee and have the switch completed by 31st March 2017. Under the FiT scheme, there are two categories of FiT licensee (Voluntary and Mandatory). A Mandatory FiT licensee is obligated...

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Renewables Obligation: buy-out price CP16 2017 – 2018 announced

Renewables Obligation: buy-out price CP16 2017 – 2018 announced

The 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 sixteenth obligation, or compliance period CP16, which runs between 1 April 2017 – 31 March 2018, the ROC buy-out price has been set by Ofgem at £45.58 / ROC. A Renewables Obligation Certificate (ROC) is a...

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Feed in Tariff RPI Increase April 2017

Feed in Tariff RPI Increase April 2017

Ofgem have recently announced that generation and export tariffs will increase with annual Retail Price Index (RPI) at a rate of 2.5 percent. This tariff increase will be applicable from 1 April 2017 to 31 March 2018. For Feed in Tariff applications that are eligible for the export tariff, the increase is reflected below; Effective Start Date of FiT Term Apr 16-Mar 17 (£/MWh) Apr 17-Mar 18 (£/MWh) On or before 30 November...

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ROC Recycle Value 2015-16

ROC Recycle Value 2015-16

The total Renewables Obligation for electricity suppliers in Great Britain was 84,439,465 ROCs for 2015-16. Suppliers were able to meet their obligations either through presenting ROCs or making buy-out payments at £43.30 per ROC, or a combination of both. The recycle value for the 15/16 compliance period (CP14) is £0.00 / ROC presented. The reason for the absence of a recycle value is due to the vast deployment of renewables producing...

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