NIROC Scheme
Northern Ireland Renewables Obligation Sheme
The Northern Ireland Renewables Obligation Scheme came into effect in April 2005 and is designed to incentivise renewable generation into the electricity generation market.
This Scheme places an obligation on licensed electricity suppliers in England and Wales, Scotland and Northern Ireland to source an increasing proportion of electricity from renewable sources. In 2005-06 it was 5.5 per cent (2.5 per cent in Northern Ireland). In 2006-07 the obligation is set at 6.7 per cent (2.6 per cent in Northern Ireland).
Suppliers meet their obligations by presenting sufficient Renewables Obligation Certificates (ROCs). Where suppliers do not have sufficient ROCs to meet their obligations, they must pay an equivalent amount into a fund, the proceeds of which are paid back on a pro-rated basis to those suppliers that have presented ROCs. The Government intends that suppliers will be subject to a renewables obligation until 31 March 2037.