Platts Predicts Price Drop for UK Green Power Market

[RenewableEnergyAccess.com] Platts Power UK released a study showing that a strong renewable energy potential in the country could lead to an uncertain market for renewable obligation certificates. More than 21 GW of individual renewable power projects, which are over 10 MW each, are being planned by developers in the United Kingdom, according to Platts. If all of the projects were to go ahead and some nuclear and coal fired power plants stopped generating, the UK could have more than 14 percent of its generation mix from renewable energy sources by 2010. A side effect of increased renewable energy projects could be a price drop for Renewable Obligation Certificates (ROCs), which are the mechanism used to fund green energy capacity. Platts ROC price marker estimates that this price drop will be from around 47 pounds to 42 pounds as more new renewable capacity starts generating fully and more biomass is co-fired in coal plants.
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