ROC Trading
We utilise our considerable client base and selling power to leverage the best ROC prices
What are ROCs?
The Renewables Obligation is the Government’s main mechanism for encouraging the generation of renewable electricity. It was launched in Northern Ireland, in 2005, as the Northern Ireland Renewables Obligation (NIRO). This mechanism rewards generators with certificates, known as Northern Ireland Renewables Obligation Certificates (NIROCs), often referred to as ROCs. The NIRO works by placing an obligation on electricity supply companies, to prove that they have sold renewable electricity – by presenting an increasing number of ROCs to the Government once per year.
If they do not present ROCs, they are required to pay a fine relative to the shortfall in their ROC holdings, which is subsequently distributed to the supply companies that have presented ROCs. This mechanism has therefore created a market for ROCs, and they are currently being traded across the UK.
ROCs are awarded on all electricity generated, not just electricity exported to the grid. They can represent a significant proportion of the economic benefits of the generator, including technologies such as anaerobic digestion, wind turbines, hydroelectric plant, photovoltaic (PV) systems and biomass CHP, amongst others. In order to receive ROCs, it is essential that generators are accredited by the Office of Gas and Electricity Markets (Ofgem).
What we do
Action Renewables realises that many renewable electricity generators are not maximising their financial returns within the NIRO mechanism and offers innovative services to deliver the best financial option for the generator.
If you have a small generator, less than 50kW in size, such as a domestic solar PV system click here to visit our ROC page.
In order to maximise the financial returns offered by generating renewable electricity, Action Renewables has developed services to support the owners of the generating equipment and guide them through the complexity of the Renewables Obligation.
We are a market leader in the provision of ROC Accreditation and ROC Trading services for commercial Renewable Energy Generators across the UK. Our dedicated ROC Team has extensive experience in dealing with OFGEM. Action Renewables has unrivalled knowledge of the OFGEM eligibility criteria and accreditation process and due to accrediting such large numbers of clients, we have established relationships with OFGEM to streamline our clients through the process.
