The value of UK Renewable Obligation Certificates rose to over £53/ ROC in the Non-Fossil Purchasing Agency’s monthly auction October 23, the agency said October 25. The price (which the NFPA reports only approximately) was the highest seen in the auctions since July 2008, reflecting lower-thanexpected wind production this year and market rules that boost demand, the agency said. “The government and [energy regulator] Ofgem set the obligation to ensure demand is always higher than anticipated supply,” NFPA commercial director Stuart Stephens told S&P Global Platts. It does this by adding a 10% buffer, known as headroom, to its renewable energy generation forecasts.
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