Offsetting and its discontents: challenges and opportunities of open access offsetting agreements

The growth of open access (OA) via the payment of article processing charges (APCs) in hybrid journals has been a key feature of the approach to OA in the UK. In response, Jisc Collections has been piloting ‘offsetting agreements’ that explicitly link subscription and APCs, seeking to reduce one as the other grows. However, offsetting agreements have become increasingly contentious with institutions, advocates and publishers. With reference to issues such as cost, administrative efficiency, transparency and the transition to open access, this paper provides an update on the status of UK negotiations, reflects on the challenges and opportunities presented by such agreements, and considers the implications for the path of future negotiations.