UK Renewable Energy Certificates Market Overview

Market Size in 2024: USD 586.00 Million

Market Forecast in 2033: USD 4,686.60 Million

Market Growth Rate (CAGR) 2025-2033: 23.10%

The UK renewable energy certificates market size reached USD 586.00 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 4,686.60 Million by 2033, exhibiting a growth rate (CAGR) of 23.10% during 2025-2033.

UK Renewable Energy Certificates Market Trends and Drivers:

The UK renewable energy certificates (RECs) market is really taking off, thanks to strong government support, a growing commitment from businesses to sustainability, and changes in regulations. A major factor behind this growth is the UK government's dedication to reaching its 2050 net-zero goals and its "Powering Up Britain" strategy, which has fostered a stable and encouraging atmosphere for renewable energy production. Initiatives like the Contracts for Difference (CfD) scheme and various public investments are paving the way for new renewable energy projects, especially in offshore wind. This, in turn, boosts the availability of Renewable Energy Guarantees of Origin (REGOs). Overall, this legislative framework is essential for building market confidence and attracting long-term investments.

One major factor driving change is the swift rise in corporate demand for green energy. Companies across a range of industries are setting bold targets for net-zero emissions and 100% renewable energy, all spurred on by pressure from investors, the expectations of consumers, and their own corporate social responsibility (CSR) commitments. For many businesses, buying Renewable Energy Certificates (RECs) is the most straightforward and reliable way to prove that the electricity they use comes from renewable sources, which helps them cut down on their Scope 2 emissions. This growing corporate interest is boosting the voluntary market for RECs, making them a vital resource for companies that want to credibly showcase their sustainability efforts and align with global initiatives like RE100.

The market is evolving thanks to technological advancements that aim to boost transparency and efficiency. Although the UK's REGO market has encountered issues like oversupply and price fluctuations, there's a fresh emphasis on improving traceability and embracing digital trading platforms. People are increasingly looking for more detailed certifications that can track the energy's origin in real time, moving past the old way of annual reporting. The rise of blockchain-based verification systems and digital marketplaces is poised to strengthen the market's integrity, enabling buyers to confidently source RECs that directly support new renewable energy generation. This is a vital step in ensuring the market's long-term credibility and value.

UK Renewable Energy Certificates Market News:

• September 2025: The UK's new climate adviser, Nigel Topping, warned that any weakening of net-zero policies would risk "spooking" investors, highlighting the need for consistent government commitment to maintain a stable and attractive market for green energy projects.
• August 2025: The Department for Energy Security and Net Zero opened and closed the application window for the seventh round of the Contracts for Difference (CfD) scheme, a major government mechanism to incentivize large-scale renewable electricity generation.
• July 2025: A new industry report noted a significant downturn in the UK's REGO market, with prices plummeting due to an oversupply of certificates and a growing preference among large corporations for direct Power Purchase Agreements (PPAs) that offer greater transparency and a more direct link to specific renewable projects.

For an in-depth analysis, you can refer to the sample copy of the report:

https://www.imarcgroup.com/uk-renewable-energy-certificates-market/requestsample

UK Renewable Energy Certificates Market Industry Segmentation:

Energy Type Insights:

• Solar
• Wind
• Hydroelectric
• Others

Capacity Insights:

• 0-1,000 KWH
• 1,001-5,000 KWH
• More than 5,000 KWH

End Use Insights:

• Compliance
• Voluntary

Region Insights:

• England
• Scotland
• Wales
• Northern Ireland

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Ask Our Expert & Browse Full Report with TOC & List of Figure:

https://www.imarcgroup.com/request?type=report&id=29519&flag=C

Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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