Decision on operational changes to Renewables Obligation and Customer Credit Balance Ringfencing guidance and templates
Decision
Publication date
Industry sector
Supply and Retail Market
Scheme name
RO
Related links
We are publishing our decision on making operational changes to Ringfencing the Renewables Obligation (RO) Guidance and RO Credit Cover Mechanism Templates to provide greater clarity and readability. In addition, we are setting out changes to the Credit Balance Support Arrangement Templates to mirror the changes to the RO Credit Cover Mechanism Templates and amend the Guidance on the Operational Capability and Financial Responsibility Principles to provide further clarity on the calculation of the amount of any credit balance to be protected.
The changes we set out in this document take immediate effect.
With regards to RO ringfencing, we intend for licensees to use the new Credit Cover Mechanism Templates for Q1 of the new Renewables Obligation Ringfencing scheme year 2024/2025 onwards, including if they already have protection mechanisms in place for the 2024/2025 scheme year. Credit Cover Mechanism arrangements in place for the 2023/2024 scheme year do not need to be updated to the new templates.
Any Credit Balance Support Arrangements established for CCB ringfencing from this point onwards should be set up using the CCB Credit Balance Support Arrangements Templates published alongside this decision.