The total Renewables Obligation (Northern Ireland) (NIRO) was 237,382 MWh.
A total of 16,466,751 ROCs were correctly submitted by suppliers to Ofgem for the RO before the 1 September 2007 statutory deadline. Suppliers correctly submitted 14,562,876 ROCs for the RO, 1,864,676 ROCs for the ROS and 39,199 ROCs for the NIRO.
The total value of RO buy-out payments correctly received before 1 September 2008 was £278,789,611.10 for England and Wales, £19,976,934.04 for Scotland and £5,927,828.90 for Northern Ireland. The total values of the RO buy-out funds (including interest) due to be redistributed are £280,171,493 for England and Wales, £20,072,617 for Scotland and £5,958,966 for Northern Ireland. Suppliers that have fully complied with their renewables obligation received their buy-out redistribution payments on 3 October 2008.
The amount paid to suppliers from the buy-out fund on 3 October 2008 for each ROC they presented was £18.59.
There was a shortfall of £6,907,611.76 in the three buy-out funds as not all suppliers fully complied with their obligations. A supplier has the opportunity to make a late payment by 31 October 2008 to fully discharge its renewables obligation under Article 30(2) of the Order. Late payments for the Renewables Obligation (including interest) are expected to be redistributed in early November 2008.
Notes to Editors