ROC Prices to fall in CP9?

• NFPAS e-ROC auctions sold almost half a million ROCs in CP8 with the last auction in June selling 250,000 ROCs the largest quantity of ROCs sold since 2006 and the second largest auction since NFPAS began ROC auctions eight years ago.

• In CP9 even more ROCs are forecasted to be issued with a possible resulting effect on ROC prices. According to independent analysts Cornwall Energy CP9 ROC values could be 5%-10% lower than CP8 as significant new capacity comes on line, especially offshore wind. They also think 2009-10 ROC values were boosted by a colder-than-average winter that pushed up demand (and thus the level of the RO) and reduced production from wind and hydro stations.

• In these difficult market circumstances, it is more important than ever to ensure that you are selling your ROCs in the most efficient and effective way possible. You can rest assured that through the e-ROC auction you will get the best market price on the day and will be able to access the whole of the electricity market with both large and small suppliers finding the auction platform an important source for purchasing ROCS to meet their obligation.

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Quarter of a million ROCs sold!

The latest e-ROC auction of Renewable Obligation Certificates (ROCs) was completed today 24th June 2010 with 243,412 ROCs being purchased.

The average price achieved was £49.16, on a par with the £49.24 price from the last auction held in March.

This auction sold the largest quantity of ROCs since 2006 and was the second largest auction since NFPAS began ROC auctions eight years ago.

Several new buyers and sellers took part in this auction.

The next auction will take place on Tuesday 28th September and will be the first chance to buy and sell CP9 ROCs.

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Renewables Obligation

For the period: 1st April 2010 to 31st March 2011, the obligation on electricty suppliers is 10.4% and the Buy-Out Price per MWh is £36.99.

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Sale & Buy-Back Agreements

From 1st April 2007, a generator will not need to have a Sale & Buy-back agreement with a supplier in order to receive ROCs for electricity he generates and consumes on site. This change will benefit those generators who wish to sell ROCs using e-ROC auctions.

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