Addleshaw Goddard

UK 200 2013 position: 23

Renewable obligations certificates, contracts for difference and exclusion clauses

By Joseph Hale

Many renewable energy projects rely on a subsidy from the UK government through the renewable obligations certificates (ROCs). Different types of power generation technologies qualify for different ROC ‘branding’. The value of the subsidy for a project (once operational) more often than not makes the difference between a project being viable or unviable. ROCs will be closed to all new power generation in 2017.

The Energy Bill will introduce contracts for difference (CfDs) to replace ROCs. CfDs are long-term contracts to provide incentives for power producers to generate election of using low-carbon resources makes. CfDs are likely to be introduced from 2014. Between 2014 and 2017, developers will be offered a one-off choice between opting for ROCs or CfDs for their low-carbon project. The CfDs will guarantee a developer a strike price for the power generated by a project to insulate the developer (to an extent) from changes in the open market price…

If you are registered and logged in to the site, click on the link below to read the rest of the Addleshaw Goddard briefing. If not, please register or sign in with your details below.

Briefings from Addleshaw Goddard

View more briefings from Addleshaw Goddard

Analysis from The Lawyer

  • pannone.jpg

    Another Mancunian merger for Slater & Gordon?

    Could Slater & Gordon achieve its stated aim of becoming a top consumer brand by acquiring Pannone?

  • Addleshaws

    Number crunching: Addleshaw Goddard

    The past five years have not been easy for Addleshaw Goddard. The firm’s revenue fell 7 per cent from £173.1m to £161.9m between 2008/09 and 2010/11 and despite finances looking up in 2011/12, when Addleshaws reported a 30 per cent increase in net profit, it has shown no notable compound growth in turnover since 2007/08.

View more analysis from The Lawyer


Milton Gate
60 Chiswell Street

Turnover (£m): 166.50
No. of Lawyers: 592