Key points of interest from the Renewables Obligation Annual Report for the year ending 31 March 2020:
Compliance by licensed electricity suppliers and scheme value
- 115.94 million Renewables Obligation Certificates (ROCs) were presented by suppliers in the 2019-20 obligation year. This was 89.1% of the total obligation of 130.18 million ROCs, and a slightly higher proportion in comparison to the 84.3% presented for the 2018-19 obligation year.
- This resulted in a buy-out and late payment fund totalling over £654.6 million.
- Each ROC was worth £54.43, resulting in a scheme value of £6.3 billion.
- In 2019-20, 13 suppliers did not meet their obligation resulting in a shortfall of £33.1m in the buy-out/late payment funds. This shortfall triggered mutualisation for the third successive year.
Renewables Obligation Certificates (ROCs) issued and renewable generation
- We issued 114.7 million ROCs in 2019-20, the highest number issued in the scheme’s history.
- ROCs were issued based on 84.9 TWh of renewable generation. This was equivalent to 31% of the UK electricity supply market.
- Total generation when including output on the Feed-in Tariffs (FIT) and Contracts for Difference (CfD) schemes rises to 112.8 TWh, equivalent to 41.2% of UK supply .
Generating stations accredited
- From the start of the scheme in 2002, we have accredited 26,582 generating stations with a total capacity of 35.4GW.
 Suppliers were able to present unredeemed ROCs issued in the 2018-19 and 2019-20 obligation years against their 2019-20 obligation.