The Renewables Obligation Charge (RO Charge) was initially introduced in 2002 to support large-scale renewable energy projects. It outlines the amount of renewable energy that must be sourced by electricity suppliers in order to limit the UK’s reliance on fossil fuels.
The Department of Energy and Climate Change (DECC) announced that suppliers must source a specific percentage of their electricity from renewable sources and produce Renewables Obligation Certificates (ROCs) for every MWh of electricity produced to the DECC.
|Period||RO Level (%)||Buy-Out Price||RO|
|2012-2013||15.8%||£40.71 per ROC||£6.43/MWh||0.643p/KWh|
|2013-2014||20.6%||£42.01 per ROC||£8.66/MWh||0.866p/KWh|
|2014-2015||24.4%||£43.30 per ROC||£10.57/MWh||1.057p/KWh|
|2015-2016||29.0%||£44.33 per ROC||£12.86/MWh||1.286p/KWh|
|2016-2017||34.8%||£44.77 per ROC||£15.58/MWh||1.558p/KWh|
|2017-2018||£45.58 per ROC|
|2018-2019||£47.22 per ROC|