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49.1%
renewable obligation placed on suppliers in GB this year
Ofgem (Office of Gas and Electricity Markets) issue ROCs to generators of renewable energy. Some suppliers choose not to buy ROCs and decide to pay a fine instead which is then redistributed amongst those suppliers who did meet their obligation.
The ROC market has strengthened into compliance period sixteen (2017-2018) and seventeen (2018 – 2019). This is because Ofgem has taken into account the incoming grace period applications and had a clearer visibility of the ROC generation entering the market after the closure of the ROC regime in April 2017. Following this, Ofgem set the uplift in ROC obligation levels on suppliers to ensure an appropriate trading market and the return of healthy recycle payments. Note, however that wind speeds and winter weather will continue to influence ROC values in the market place.
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As an independent ROC trader, we don’t use your ROCs, we just trade them. Our approach is to foster an open trading market, which will generate a high return on your investment.
Not everyone has this approach. Some companies trade and use ROCs to fulfil their statutory compliance, which can depress the market and reduce the returns you receive.
Our approach open, co-operative trading provides a platform for competitive trading, which has historically outperformed the large providers approach.
Whether it is on a Buy Out and Recycle, or a Fixed Price we offer flexible trading options and with expert, market-leading advice. We can tailor agreements for our clients across the UK. By acting as an aggregator, we bundle our clients’ ROCs and trade them to achieve a higher commercial value.
Contact usWe are very pleased with the support that the team have provided over the past 2 years and would have no hesitation in recommending them to other clients/partners.
As well as responding promptly and expertly to our queries, they have a very good understanding and knowledge of energy regulator processes and procedures. This helped us to save time and money.
ROC Trading
Under an EU Directive electricity suppliers are obligated to prove they have sourced a percentage of their total electricity supply from renewable sources. This coming year (2018-2019) it is 45.2% in GB and 18.5% in Northern Ireland.
John Smith, Investment Renewables
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