Total obligation: 121,847,263 ROCs
The Renewables Obligation (RO) requires licensed electricity suppliers to source a proportion of the electricity they supply to UK customers from renewable sources. We set suppliers’ obligations as a number of Renewables Obligation Certificates (ROCs). The obligation levels for 2022/23, announced by the Department for Energy Security and Net Zero (DESNZ) on the 29 September 2021, are:
Using these obligation levels and multiplying by the total electricity supplied (in MWh) to UK customers during this obligation period (1 April 2022 – 31 March 2023), the total obligation for 2022/23 is 121,847,263 ROCs. Split out for each obligation this is:
Suppliers will have until 1 September 2023 to meet their obligations for 2022/23 (31 August for buy-out payments) by opting to either:
Any suppliers who do not meet their obligations in full by the end of 1 September will need to make a late payment by 31 October.
For more information, contact: recompliance@ofgem.gov.uk