Renewables Obligation definition

Renewables Obligation means the obligation, set out in the Renewables Obligation Order, on Registered Suppliers in the United Kingdom to ensure a growing proportion of their electricity sales are from eligible renewable sources of electricity;

Renewables Obligation means the obligation, introduced by the Renewables Obligation Order, on licensed electricity suppliers in the United Kingdom to ensure a growing proportion of their electricity sales are from eligible renewable sources of electricity; “Renewables Obligation Order” means the Renewables Obligation Order 2006;

Renewables Obligation means the obligation of that name established pursuant to section 32 (and subsequent related sections) of the Electricity Act;

Examples of Renewables Obligation in a sentence

• The Bill amends the existing Renewables Obligation regime under the Electricity Act 1989, to introduce new banding arrangements to provide different levels of support for different renewable technologies based on their cost and other considerations specified in the Bill.▪ The Bill will alter the executive competence of Scottish Ministers, by altering the provisions in the original Act.

• The provisions on RHI will be made on the face of the Bill.▪ Renewables Obligation – (Part 2) – competence for the Renewables Obligation under the Electricity Act 1989 has been executively devolved to Scottish Ministers by the Scotland Act 1998 (Transfer of Functions to the Scottish Ministers etc.) (No. 3) Order 2006 (SI 2006/3258).

• Further background information in relation to the Renewable Heat Incentive and Renewables Obligation is attached at Annex A.

• The Renewables Obligation (RO) was introduced in 2002 to stimulate growth of electricity generation from renewable sources.

• In Great Britain the RO operates under the Electricity Act 1989 (c.29) with separate orders in England and Wales (the Renewables Obligation Order 2006 (SI No 2006/1004), as amended by the Renewables Obligation (Amendment) Order 2007 (SI No 2007/1078)), and in Scotland (the Renewables Obligation (Scotland) Order 2007 (Scottish SI No 2007/267)).

• Implicit taxes encompass charges made as a result of the UK Emissions Trading Scheme (ETS), carbon price support, the climate change levy, contracts-for-difference, the Renewables Obligation, feed-in tariffs, the warm home discount and the Energy Company Obligation.

• At the time of the 2015 Permission ATT technologies were eligible for UK Government subsidy support through both the Renewables Obligation (RO) and Contract for Difference (CfD) mechanisms, which were considered essential to meet the economic conditions required for a viable project at the site.

• The key elements of the Bill are:▪ Part 1: Gas Importation & Storage and Carbon Storage – This covers provisions relating to the storage of natural gas and unloading of Liquefied Natural Gas (LNG) from 12 to 200 nautical miles (nm) adjacent to the UK, as well as the storage of carbon dioxide under the seabed from 0 to 200nm;▪ Part 2: Electricity from Renewable Sources – This modifies the existing Renewables Obligation to make it more efficient and increase the use of renewables.

• The Authority was given a presentation, following its earlier discussions in December 2004, on the Government’s 2006 Renewables Obligation Review and Ofgem’s proposed response.

• ROCs can be sold directly or indirectly to suppliers who will redeem them against their Renewables Obligation.

More Definitions of Renewables Obligation

Renewables Obligation means the Renewables Obligation Order 2015 or, as applicable in relation to the Licensee, the Renewables Obligation (Scotland) Order 200910].

Renewables Obligation means a certificate or certificates Certificates" issued by the OFGEM under section 32B of the Electricity Act 1989 as the same is refexxxx xx in the Renewables Obligation Order 2006 (or referred to as a SROC in the Renewables Obligation (Scotland) Order 2006 if the relevant ROC Project is situated in Scotland), or such analogous certificate, certificates or evidence as either the Secretary of State (or, if the ROC Project is situated in Scotland, the Scottish Ministers) or OFGEM shall determine from time to time

Renewables Obligation means the number of renewables obligation certificates (as defined in article 2(1) of the RO Order) per MWh that we are required to produce to the Authority in the relevant RO Year under article 5(2)(a) and article 12 of the RO Order;

Renewables Obligation means the main support scheme for renewable electricity projects in the UK, encouraging licensed suppliers to source an increasing proportion of their electricity from renewable sources.

Renewables Obligation means the number of renewables obligation certificates (as defined in article 2(1) of the RO Order) per MWh that the Supplier is required to produce to the Authority in the relevant RO Year under article 5(2)(a) and article 12 of the RO Order;

Renewables Obligation means the main financial support mechanism for large-scale renewable