§ John ThursoTo ask the Secretary of State for Trade and Industry what she expects the proceeds to be of the auction of the renewable obligation certificates. [91742]
§ Mr. WilsonFuture income from auctions of Renewable Obligation Certificates (ROCs) will depend on the output of renewable energy auctioned and the market value of ROCs.
In England and Wales an auction was held on 12 August and income from the electricity, LECs and ROCs will be paid between October 2002 and March 2003. The auction related to output during this period from 486MW capacity of renewable energy.
In Scotland, the proceeds of the first auction of ROCs were just under 4.4 million. The second auction has just been held on 16 January at which the average price for ROCs was £47.46 per ROC. A total of 64,337 ROCs were successfully auctioned.