- Publication date
- 12th February 2015
- Information types
- Policy areas
The buy-out price for the 2015-16 obligation period is £44.33 per Renewables Obligation Certificate (ROC). This is the amount suppliers will need to pay for each ROC they do not present towards compliance with their 2015-16 obligation.
The mutualisation ceilings for the 2015-16 are £267,035,558.91 in England and Wales and £26,703,555.88 in Scotland (mutualisation does not apply in Northern Ireland). Mutualisation will be triggered in the unlikely event of a relevant shortfall1 in the buy-out fund. This has not occurred in any obligation period so far.
We update the buy-out price and mutualisation ceilings annually to reflect the average monthly percentage change in the Retail Prices Index (RPI) during the previous calendar year.2
Buy-out prices and obligation levels for recent years are shown in Table 1 below.
|Obligation period (1 April - 31 March)||Buy-out price||Obligation for England & Wales and Scotland (ROCs/MWh)||Obligation for Northern Ireland (ROCs/MWh)|
Contact: RO Compliance Team
Tel: 020 7901 7275
- The definition and amounts of relevant shortfall for each obligation period are in Article 48(3) and Schedule 3 in The Renewables Obligation Order 2009 and The Renewables Obligation (Scotland) Order 2009.
- The average RPI percentage change during the 2014 calendar year is 2.4% (source: Office of National Statistics).