e-ROC Auction Results

In our most recent auction on 9th Octboer 2008, with just over 100,000 ROCs (including 4,025 co-fired ROCs) being purchased.

The average price was £51.34. (The average price in the last auction held in July for 07/08 period ROCs was £53.27).

The next e-ROC auction is due to be held 13th January 2009.

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Renewables Obligation

For the period: 1st April 2008 to 31st March 2009, the obligation on electricty suppliers is 9.1% and the Buy-Out Price per MWh is £35.76

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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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From 1st April 2006, the limit on the number of Co-Fired ROCs that can be submitted by a Supplier, to discharge its obligation is reduced from 25% to 10%.

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For the period: 1st April 2006 to 31st March 2007, the Buy-Out Price per MWh is £33.24, and for the period 1st April 2007 to 31st March 2008 the Buy-Out price will be £34.30

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The 2006 Renewables Obligation Order changes the "Specified Day" to 1st September.