The Low Carbon Contracts Company and the Electricity Settlements Company are both private limited companies owned by the Secretary of State for Business, Energy and Industrial Strategy (BEIS) and established to play key roles in the delivery of Electricity Market Reform (EMR), the biggest change to the electricity market since privatisation.
Low Carbon Contracts Company (LCCC) is delighted to announce that a further three Contracts for Difference (CFD) projects have passed their first milestone. This follows our earlier announcement on 15 October that 95% of Allocation Round 2 capacity had passed the Milestone Requirement. Read the full announcement here.
ESC has today published its Annual Performance Report for 2018, which can be found here. As the appointed Settlement Body for the Capacity Market, the Electricity Settlements Company (“ESC”) must, in accordance with regulations, produce an annual report on the performance of its functions in respect of each capacity year.