navitron
 
Renewable Energy and Sustainability Forum
Welcome, Guest. Please login or register.

Login with username, password and session length
News: Anyone wishing to register as a new member on the forum is strongly recommended to use a "proper" email address. Following continuous spam/hack attempts on the forum, "disposable" email addresses like Gmail, Yahoo and Hotmail tend to be viewed with suspicion, and the application rejected if there is any doubt whatsoever
 
Recent Articles: Navitron Partners With Solax to Help Create A More Sustainable Future | Navitron Calls for Increased Carbon Footprint Reduction In Light of Earth Overshoot Day | A plea from The David School - Issue 18
   Home   Help Search Login Register  
Pages: [1]   Go Down
  Print  
Author Topic: NIROCs  (Read 1419 times)
Ivan
Hero Member
*****
Offline Offline

Posts: 2262


« on: October 23, 2014, 09:31:00 AM »

Is anyone familiar with NIROCs?

Currently Solar PV gets 4 NIROCs per kWh generated. This equates to 16.32p/kWh from October 2014-2015. For the previous year, the rates were set at 16.96p/kWh

I think I'm right in saying, that unlike FITs, you don't get 'locked into' current rates, and that everybody's NIROC payments are at the same rate regardless of the date of installation. Is that correct? I guess therefore, there is a danger that ROCs could potentially reduce in value over time, making the payments less attractive as you progress through the 20year period that installations qualify for payment.
Logged

www.epogee.co.uk - Solar PV & Solar Thermal Training / MCS
Ted
Global Moderator
Hero Member
*****
Offline Offline

Posts: 3922



« Reply #1 on: October 23, 2014, 09:46:34 AM »

The figures you quote are for systems in NI up to 50kW, plus there is about 5.5p for export which I think has to be metered. For 50kW to 5MW systems there are 2 NIROCS per MWh allocated.

Yes, the NIROC value changes annually and the multiplier of 2 or 4 could be changed in the future as well.  As with any ROC scheme the 'market' value will fluctuate depending upon what fraction of the target MWhs have actually been generated.



Logged

Volunteer moderator
Ivan
Hero Member
*****
Offline Offline

Posts: 2262


« Reply #2 on: October 23, 2014, 10:03:48 PM »

Many thanks Ted. It does sound a bit of a gamble by comparison with FITs - You could start off being paid 17p, and end up in 10years time being paid 2p. I couldn't find any reassurances that this kind of thing would not happen, except somewhere in a NI DECC press release it stated that the 'buy-out' option is set to be more expensive than the NIROCs to encourage companies to trade them.
Logged

www.epogee.co.uk - Solar PV & Solar Thermal Training / MCS
Pages: [1]   Go Up
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.20 | SMF © 2013, Simple Machines
SMFAds for Free Forums
Simple Audio Video Embedder
Valid XHTML 1.0! Valid CSS!