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Institute of Transport Administration

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t: 44 (0)1525 634940
m: 44 (0)7768 303588
e: director@iota.org.uk

 
 
 
 
 
 

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consultation - Increasing the renewable transport fuel obligation buy-out price for biofuels suppliers

3 Aug 2020

Open consultation

Increasing the renewable transport fuel obligation buy-out price for biofuels suppliers

 

Summary

Proposes increasing the renewable transport fuel obligation (RTFO) buy-out price for fuels suppliers in order to continue greenhouse gas savings.

 

This consultation closes at

11:59pm on 11 August 2020

 

Consultation description

Suggests increasing the RTFO buy-out price for fuel suppliers and to ensure the continued greenhouse gas savings through biofuels.

 

Recent increases in the cost of biofuels relative to petrol and diesel mean that there is a greater risk that suppliers may ‘buy-out’ of their obligations to supply renewable transport fuel.

This would result in lost greenhouse gas savings plus impacts on the UK biofuels industry.

To combat this threat, we propose increasing the RTFO buy-out price to ensure the continued supply of biofuels and other renewable fuels.

 

Response via form returned by email:

https://www.gov.uk/government/consultations/increasing-the-renewable-transport-fuel-obligation-buy-out-price-for-biofuels-suppliers?utm_source=b2014114-28b4-4bda-892e-66a7c0b32f9d&utm_medium=email&utm_campaign=govuk-notifications&utm_content=immediate