ROCs definition

Published by a LexisNexis Energy expert

What does ROCs mean?

Renewables Obligation Certificate: A Green Energy Certificate issued to an accredited generator for eligible renewable electricity generated within the United Kingdom and supplied to customers within the United Kingdom by a licensed electricity supplier. Suppliers meet their obligations under the Renewables Obligation by presenting sufficient Renewables Obligation Certificates. Where suppliers do not have sufficient ROCs to meet their obligations, they must pay an equivalent amount into a fund, the proceeds of which are paid back on a pro-rated basis to those suppliers that have presented ROCs.

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