Total obligation: 114,508,472 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 2023/24, announced by the Department for Energy Security and Net Zero (DESNZ) on the 30 September 2022, are:
Using these obligation levels and multiplying by the total electricity supplied (in MWh) to UK customers during this obligation period (1 April 2023 – 31 March 2024), the total obligation for 2023/24 is 114,508,472 ROCs. Split out for each obligation this is:
Suppliers will have until 1 September 2024 to meet their obligations for 2023/24 (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.