According to Proven Energy, a supplier of small scale wind turbines, this means shorter return times on investment in small wind turbines.
Andrew McMullan, CEO of Proven Energy says: “This is a step forward for the small wind industry. It makes wind turbines even more attractive to potential buyers as the pay back periods are further reduced”.
A ROC is a green certificate that can be issued to those generating their own renewable energy through a small scale wind turbine or other renewable energy sources. For every MWh of eligible renewable energy generated, the owner will receive a payback from a licensed electricity utility company.
The Renewables Obligation is driven by a responsibility on UK electricity suppliers to source a portion of their electricity from renewable sources. Independent production helps electricity suppliers meet this obligation.