Consultation on minor changes to Renewables Obligation and Customer Credit Balance ringfencing guidance and templates

Consultation on minor changes to Renewables Obligation and Customer Credit Balance ringfencing guidance and templates | Ofgem Please enable JavaScript in your web browser to get the best experience. BETA This site is currently in BETA. Help us improve by giving us your feedback . Close alert: Consultation on minor changes to Renewables Obligation and Customer Credit Balance ringfencing guidance and templates Publication type: Consultation Publication date: 9 May 2024 Closed date: 8 June 2024 Status: Closed (with decision) Topic: Financial resilience Decision: Decision on operational changes to Renewables Obligation and Customer Credit Balance Ringfencing guidance and templates Print this page Related links Decision on Strengthening Financial Resilience Decision on introducing a minimum capital requirement and ringfencing customer credit balances by direction Share the page Share on Facebook Share on Twitter Share on LinkedIn We are consulting on minor changes to the Renewables Obligation (RO) and Customer Credit Balance ringfencing guidance and templates. This consultation follows our decisions to enshrine in licence the requirement for licensees to ringfence their RO receipts attributable to domestic supply and Ofgem’s power to direct licensees to ringfence their Customer Credit Balances when in the consumer interest. We are proposing to modify the following to add clarity and ease operationalisation: · Amendments to the Ringfencing the Renewables Obligation Guidance – to provide greater clarity on what is included as part of domestic supply volumes and clarifying arrangements where an element of estimation is required in submitting supply volumes. · RO Credit Cover Mechanism template amendments – minor changes to either provide additional clarity or improve the readability of the templates. · Credit Balance Support Arrangement template amendments – mirroring relevant changes to the RO Credit Cover Mechanism Templates and providing additional clarity or improvements to the readability of the templates. · Amendments to the Guidance on the Operational Capability and Financial Responsibility Principles – to provide further clarity on the calculation of the Protected Amount. This consultation closes on 7 June 2024. If you wish to respond or have any questions, please email RetailFinancialResilience@ofgem.gov.uk . Respond name David Hall Respond telephone 020 7901 7000 Respond email retailfinancialresilience@ofgem.gov.uk Main document Consultation on minor changes to Renewables Obligation and Customer Credit Balance ringfencing guidance and templates like 1 [PDF, 280.25KB] Subsidiary documents Guidance on the Operational Capability and Financial Responsibility Principles [PDF, 498.50KB] Guidance on ringfencing the Renewables Obligation [PDF, 323.35KB] Declaration of Trust (CCB) [PDF, 207.02KB] Declaration of Trust (RO) [PDF, 224.54KB] First Demand Guarantee (CCB) [PDF, 255.57KB] First Demand Guarantee (RO) [PDF, 234.55KB] Standby Letter of Credit (CCB) [PDF, 212.07KB] Standby Letter of Credit (RO) [PDF, 206.66KB] Print this page Related links Decision on Strengthening Financial Resilience Decision on introducing a minimum capital requirement and ringfencing customer credit balances by direction Share the page Share on Facebook Share on Twitter Share on LinkedIn Close