§ Mr. DrewTo ask the Secretary of State for Trade and Industry if she will make a statement on the implications for the renewables obligation of the liquidation of Atlantic Electric and Gas; and whether its renewables obligation liabilities have been acquired by another going concern. [171385]
§ Mr. TimmsMy officials are discussing the implications for the renewables obligation of the liquidation of Atlantic Electric and Gas with Ofgem. At this stage it is too early to assess the impact on the renewables obligation.
§ Mr. DrewTo ask the Secretary of State for Trade and Industry if she will assess the effectiveness of the mechanism of the trading of renewable obligation certificates (ROCs), with specific reference to the liquidation of an energy company possessing ROCs. [171386]
§ Mr. TimmsIn the event of the liquidation of an energy company possessing ROCs, the ROCs are one of the company's assets and can be sold by the liquidators, either to a company acquiring the business of the insolvent supplier or separately to another purchaser.