Key points of interest from the Renewables Obligation annual report for the year ending 31 March 2015:
Renewables Obligation Certificates (ROCs) issued and renewable generation
- We issued 71.3 million ROCs compared to 62.8 million in 2013-14. This was marginally less than the total UK supplier obligation of 71.9 million ROCs.
- This represented 55.7TWh of renewable generation, equivalent to 18.6% of the total electricity supplied in the UK; 19.9% when the 3.8TWh of generation by FIT installations is added.
- 29.4 million tonnes of carbon dioxide emissions were avoided from renewable generation under the scheme, a 19.6% increase from 24.6 million tonnes in 2013-14.
Supplier compliance and scheme value
- 71.3 million ROCs were presented by suppliers, which is 99.1% of the total obligation, the highest proportion since the RO began. The previous highest was 98.2% in 2013-14.
- The amount of the buy-out and late payments were the smallest ever – £24.7 million was redistributed to suppliers.
- Each ROC was worth £43.65 (recycle value was £0.35 plus £43.20 buy-out price).
- We accredited 6,658 generating stations, a significant increase from 2013-14 when we accredited 4,068.
- 6,243 of the stations we accredited were microgenerators based in Northern Ireland, over 99% of which were domestic solar PV installations.
- The aggregate capacity of the stations we accredited was 3,301MW – 73% of which were solar PV stations.