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 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 45,000 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.