Number of ROCs presented to us by suppliers towards the total 2020/21 UK obligation
Last month we published the total UK obligation of 119,090,744 Renewables Obligation Certificates (ROCs). Since then, suppliers have presented 105,263,447 ROCs towards this obligation. The deadline to present ROCs was 1 September. Suppliers who did not meet their entire obligation through presenting ROCs will, between them, meet the approximate 13,827,297 ROC shortfall through buy-out and late payments. The deadline to make buy-out payments was 31 August, while the deadline for late payments is 31 October.
We will confirm the amounts suppliers have made in buy-out payments, and what we have redistributed back to them, after we withdraw our administration costs in October. We will then confirm the amount of late payments made by suppliers and redistributed by us, together with the recycle value for the 2020/21 period in November or December.
For more information email REcompliance@ofgem.gov.uk