Last week we published the total UK obligation of 61,858,174 Renewables Obligation Certificates (ROCs). Today we can confirm that 60,757,250 ROCs have been presented to us by suppliers towards this obligation. Suppliers who did not meet their entire obligation through presenting ROCs will, between them, meet the 1.1million ROC shortfall through buy-out and late payments.
We will confirm the amounts suppliers have made in buy-out payments and that we have distributed back to them, after we withdraw our administration costs (still available for comment here) in October. We will then confirm the amount of late payments made and redistributed, together with the recycle value for the 2013-14 period, in November.
Contact: rocompliance@ofgem.gov.uk