UK RO: Renewables Obligation- a quota/ trading system Overall renewable target increased in stages- 10% by 2010, 15% by 2015, 20% by 2020 Renewable Obligation Certificates (ROCs) given for each eligible MWh Suppliers pay ~ 3p/KWh buy out fine if they dont meet their RO target -that sets the prices ceiling for projects Or they can buy ROCs from those who have more than they need- so ROCS are valuable and traded.
{}