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The Future of Renewables Obligation: Part 2 – Post subsidy Routes to Market

Navigating life after the Renewables Obligation (RO) and the challenge of sustaining revenues.

From March 2027, the earliest RO-accredited assets will begin to roll off the scheme, marking a major turning point for renewable generators. With no single replacement subsidy in place, asset owners face increasing pressure to identify viable routes to market once RO support ends.

Cornwall Insight’s second insight paper in this two-part series explores the post‑subsidy options currently available to RO generators. Drawing on detailed analysis and interviews with market participants, the paper assesses how different routes to market perform across technologies and where gaps in revenue and certainty remain.

The findings show that while all RO generators have some options available, no single route fully replaces RO revenue, and commercial viability will depend heavily on technology type, asset characteristics and strategic choices.

Inside:

  • The main routes to market available to RO assets post‑subsidy
  • How revenue potential and viability differ by technology
  • The role of PPAs, flexibility markets, Capacity Market and private arrangements
  • Generator perspectives on managing risk and revenue after RO support ends

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