Renewables Obligation: January 2021 Additional Payment Distribution (November 2020)
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Publication date
Scheme name
RO
The 2019-20 RO late payment fund (£72,879,688) was redistributed on 4 December 2020 to suppliers who presented Renewables Obligation Certificates (ROCs) by 1 September 2020. Suppliers received a total of £5.65 per ROC presented after the redistribution of the buy-out and late payment funds.
After the late payment deadline of 31 October 2020, an additional total sum of £507,369.57 was recovered in November 2020 from one supplier who failed to discharge its Renewables Obligation (RO) as of the deadline date. This was redistributed on 15 January 2021 to suppliers in proportion to the total mutualisation payments they are responsible for making in respect of the 2019-20 relevant period.
Further details are provided in the Response Letter – Payments received after Renewables Obligation (RO) late payment deadline.
As with the buy-out and late payment funds, the amount paid to each supplier was rounded down to the nearest pound, resulting in a total redistribution amount of £507,316.
For more information, contact RECompliance@Ofgem.gov.uk.