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Renewable Qualifying Multiplier: Difference between revisions
Renewable Qualifying Multiplier (view source)
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[[Category:Legislation & Policy]] [[Category:Economics]] | [[Category:Legislation & Policy]] [[Category:Economics]] | ||
The RQM determines the payments made to generators based on the renewable content of their fuels, as determined by Fuel Measurement Sampling. This is applies to technologies that could potentially be fuelled with feedstock of variable renewable content or were fossil fuels can provide a portion of the energy generated and is relevant to WDF and other waste used in ERF that qualify under the [[ROO]] where the amount renewable content varies over time<ref name="foo">LCCC | The [[Renewable Qualifying Multiplier]] ([[RQM]]) determines the payments made to generators based on the renewable content of their fuels, as determined by Fuel Measurement Sampling. This is applies to technologies that could potentially be fuelled with feedstock of variable renewable content or were fossil fuels can provide a portion of the energy generated and is relevant to WDF and other waste used in ERF that qualify under the [[ROO]] where the amount renewable content varies over time<ref name="foo">LCCC, 2019. [https://www.lowcarboncontracts.uk/sites/default/files/publications/Contracts%20for%20Difference%20-%20Generator%20Guide%20Feb%202019.pdf Contracts for Difference Generator Guide. Low Carbon Contracts Company.] London. </ref>. | ||
RQM is calculated for each month of electricity generation and is applied to any “Settlement Units” falling in that calendar month. There are four different ways in which RQM can be determined: | RQM is calculated for each month of electricity generation and is applied to any “Settlement Units” falling in that calendar month. There are four different ways in which RQM can be determined: | ||