Renewables Obligation: buy-out price CP15 2016 – 2017 announced

Posted on 17 February 2016

Solar park_crppdThe 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 fifteenth obligation, or compliance period CP15, which runs between 1 April 2016 – 31 March 2017, the ROC buy-out price has been set by Ofgem at £44.77 / 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-dependent number of ROCs are issued for each 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.

Our 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.