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Suppliers meet their obligations by presenting Renewable Obligation Certificates (ROCs) to Ofgem. Where suppliers do not have sufficient ROCs to cover their obligation, a payment is made into the buy-out fund. The buy-out price suppliers pay is a fixed price per MWh shortfall and is adjusted in line with the Retail Prices Index each year. The ...
Suppliers meet the Renewables Obligation by submitting a certain number of Renewable Obligation certificates (ROCs) each year to Ofgem, which demonstrates that the certified electricity has come from a renewable source. If a supplier is unable to produce the required number of ROCs, they must pay an equivalent cash amount, the 'cash out price ...
Non-domestic consumers can avoid paying the Climate Change Levy by acquiring Levy Exemption Certificates from renewable energy suppliers. Since these are not required by domestic consumers, it is possible for the supplier to sell the certificates to the non-domestic sector, as well as selling the renewables obligation certificate and the electricity.
Each renewable generator is issued with Renewables Obligation Certificates (ROC), which they may sell to other electricity supply companies. This trade allows them to meet their obligation for the proportion of supplied electricity generated from renewable sources. The power output from the Glanford plant qualifies for ROC trading.
For each eligible megawatt hour of renewable energy generated, a tradable certificate called a Renewables obligation certificate (ROC) is issued by Ofgem. In 2007, the United Kingdom Government agreed to an overall European Union target of generating 20% of the EU's energy supply from renewable sources by 2020.
An energy certificate or energy attribute certificate is a transferable record or guarantee related to the amount of energy or material goods consumed by an energy conversion device in industrial production. A certificate may be in any form, including electronic, and lists attributes such as method, quality, compliance, and tracking.
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The renewables obligation also makes requirements about how the electricity can be generated. An example is that the co-firing of biomass with coal is to be phased out - and will not be eligible for Renewable Obligation Certificates after 2016 (although the government has announced its intention to revisit the co-firing rules as part of the ...
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