EDF Energy - Finance
EDF Energy - Finance
EDF Energy - Finance
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RO History: 2002- present day<br />
• The Renewables Obligation (RO) is the current main mechanism<br />
for supporting large scale generation of renewable electricity in the UK<br />
• Introduced in 2002 and allowed to triple the renewable capacity<br />
in the UK from 1.8% to 6.6%<br />
• Currently worth around £1.42 billion/year of support<br />
to the industry<br />
• The RO has been subject to various reforms and improvements:<br />
• Introduction of banding by technologies (April 2009)<br />
• Extended from its current end date of 2027 to 2037 for new projects (April 2010)<br />
• The scheme is administered by OFGEM
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