The RFA will award RTF certificates for the supply of renewable fuel, providing the fuel is one of those identified as an eligible fuel and that a number of other conditions set out in the Order are met.
A certificate will be an electronic credit to an account held with the RFA. Certificates will not exist in physical form, and cannot exist outside the RFA system. They can be traded amongst account holders through a simple procedure. The RFA does not support or facilitate any of the commercial elements of the transaction, only the transfer of ownership of the certificates.
Certificates may be revoked if the RFA finds that inaccurate or fraudulent information was provided in the application or subsequent requested evidence.
Certificates are used by obligated suppliers as evidence of meeting their obligation. Once an obligation period has finished, the RFA will calculate the obligation of each obligated supplier. They will then be asked to submit evidence of their compliance with the obligation. This will be in the form of a redemption of certificates on their account, if they have any.
Certificates may be used as evidence of meeting an obligation either for the obligation period for which they were awarded, or for the following obligation period (subject to a limit).