Uncertainty over UK ROCs damages investor confidence
Recent changes to the allocation of Renewable Obligation Certificates by the UK DECC has left industry participants wary about their long-term value, finds Katie Holliday
In December 2009 the UK government’s Department of Energy and Climate Change (DECC) confirmed that the UK’s Renewable Obligation (RO) scheme would be extended to 2037, but concerns over regulatory risk in the UK renewables market could lead to project cancellations, say experts.
The RO is the government’s principal incentive scheme to generate renewable energy in the UK and was first introduced in 2001. Under the RO, renewable producers are issued with Renewable Obligation Certificates (ROCs)
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