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Wind Energy Questions – Renewable Obligation Certificates
The Renewables Obligation (RO) is the government’s main mechanism for supporting renewable energy.
Introduced in April 2002, it provides a substantial market incentive for all eligible forms of renewable energy. Renewable energy suppliers are required to supply a proportion of their electricity from renewable sources evidenced by the presentation of Renewable Obligation Certificates (ROCS) or pay a buy out fee. As a result of this requirement, the ROCS secured by renewable energy generators have a financial value and are bought and sold.
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