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ARTICLE · 24 SEPTEMBER 2023

Moving To Fixed Price ROCs

Gowling WLG
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Towards the end of the summer, the UK Government, the Scottish Government and the Northern Ireland Executive published a call for evidence outlining the case for transitioning to fixed price ROCs...

United KingdomEnergy and Natural Resources
Gus Wood
Gus Wood
George Nixon
George Nixon
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Towards the end of the summer, the UK Government, the Scottish Government and the Northern Ireland Executive published a call for evidence outlining the case for transitioning to fixed price ROCs (also known as Renewables Obligation Certificates) in 2027.

This is the first government policy document regarding fixed price ROCs since before the Energy Act 2013, over ten years ago. The topics raised by the call for evidence have the potential to significantly impact affected projects, being those with ROC accreditations that extend beyond March 2027. We encourage the owners of such projects, the PPA (power purchase agreement) offtakers for such projects and licensed electricity suppliers generally to review and respond to the call for evidence.

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