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Issue 534 | RO closure

Issue 534 | RO closure

DECC briefing noteCalculating the Level of the Renewables Obligation for 2016/17 1 October 2015 On 30 September DECC issued a note setting the level of the Renewables Obligation (RO) for 2016-17, compliance period 15 (CP15). This alert details the key aspects of DECC’s calculations and compares them with Cornwall Energy’s Long-term Roc forecasts for Roc issue, the RO and demand for 2016-17. The latest Cornwall Energy forecast was issued in July 2015. The key points to note are: Calculation B, the headroom mechanism, has once again been used to set the RO for 2016-17 at 102.0mn The obligation, divided by the amount ...

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