The Renewables Obligation
Renewable Obligation Certificates (ROCs) are issued to the acredited generators of renewable energy for the energy they produce. The Department of Energy and Climate Change (DECC) recently announced rebanding under the Renewables Obligations consultation. Royal Haskoning has an in depth knowledge of the renewable energy industry and is leading some of the UK’s most innovative and ground breaking developments in onshore and offshore wind energy, wave and tidal power, as well as biofuels, energy from waste, ground heat, cold storage, and solar. This white paper offers a balanced view of the proposals offered under consultation and outlines what this could mean for the future of renewable energy generators.
For more information on the Renewables Obligation and Renewables Obligation Certificates, what this means to electricity suppliers, new proposals and banding, click on the headings below.
- Renewables Obligation Certificates
- Electricity suppliers
- New proposals for Renewable Energy
- ROC Banding Reviews
THE RENEWABLES OBLIGATION
The Renewables Obligation is currently the main financial mechanism by which the Government incentivises the deployment of large-scale renewable electricity generation. The Renewables Obligation makes it obligatory for licensed power suppliers to source an increasing proportion of the electricity they sell, from renewable sources.
The Renewables Obligation (RO) and the Renewables Obligation Scotland (ROS), were introduced by Government on 1 April 2002, to encourage the development of renewable energy and help reduce carbon emissions.
This is achieved by making it a statutory requirement for power suppliers to produce evidence that they source a proportion of their power from renewable generation annually, or pay a penalty.
Since its introduction, the Renewables Obligation and Renewables Obligation Scotland has more than tripled the level of renewable electricity generation from 1.8% of the total UK supply, to 7.0% in 2010. Under current political commitments, this level is set to rise to 15.4% (6.3% in Northern Ireland), by 2015/16.
The Renewable Obligation will continue until 2037 (2033 in Northern Ireland).
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