Monday, June 30, 2014
IOP Publishing (IOP), one of the world’s leading scientific publishers, has today announced the launch of a three-year pilot project under which participating universities will be able to offset the majority of their expenditure on hybrid article publication charges (APCs) in IOP journals against their subscription and licence fees.
The agreement follows discussions between IOP, Research Libraries UK (RLUK) and the Russell Group of leading universities.

 
IOP has developed a sliding scale for its offsetting model, under which its income from APCs for open access publication in subscription-based journals is offset against the licensing costs of universities paying the APCs and is also used to reduce subscription prices for all customers.