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Services

Renewables Analysed

Policy

Accreditations

ROC holders

Onsite generation

Higher Thrushgill Cottage

Tatham Fells

nr Wray

Lancaster

LA2 8QY

Buy-out


£42.02/ROC

Increase of 3.2% or £1.31/ROC

Obligation levels

England, Wales and Scotland

0.206 ROCs per MWh

Set on headroom basis


Northern Ireland

0.097 ROCs per MWh


RO

UK

61,858,174 ROCs

26% or 12.9m ROCs higher


England and Wales

55,378,383 ROCs



Scotland

5,702,153 ROCs



Northern Ireland

777,638 ROCs


Electricity supplied

UK

304.5 TWh

Reduction of 2.9% or 9.0 TWh


England and Wales

268.8 TWh



Scotland

27.7 TWh



Northern Ireland

8.0 TWh


ROCs redeemed

UK

60,757,250

98% of total RO met with ROCs, up 7%


England and Wales

54,596,449



Scotland

5,431,769



Northern Ireland

729,032


Nominal ROC value


£42.72/ROC

Down 4% or £1.67/ROC

Renewables supply against obligation

UK

20.0%

5.7% increase

England and Wales

20.4%

Shortfall of 0.2%

Scotland

19.6%

Shortfall of 1.0%

Northern Ireland

7.4%

Shortfall of 2.3%

Key facts

Resources

2014/15

CP13

2013/14

CP12

2015/16

CP14

2013/14 (CP12)

Summary

In 2013/14 renewable generation receiving Renewables Obligation (RO) support accounted for 16.3% of all that supplied in the UK amounting to 49.6TWh, with a total RO of 61.9m Renewables Obligation Certificates (ROCs), of which 98% was met by suppliers presenting ROCs. The number of ROCs issued exceeded the obligation for the first time.

The recycle value per ROC was £0.70, which when added to the buy-out price made the nominal ROC value equal £42.72/ROC. Year-on-year the recycle value was £2.98/ROC lower as the proportion of ROCs submitted increased.

For further information click here for a full pdf summary of the report at the supplier and technology levels as well as the total cost of the scheme.

The 2013/14 compliance year is complete and Ofgem issued its 12th annual report in February.

We provide a summary of the report at the supplier and technology levels and the key facts.