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.
ESC has today received a letter from BEIS requesting that capacity payments are suspended with immediate effect, following the decision by the General Court of the Court of Justice of the European Union annulling the European Commission’s state aid approval of the Capacity Market. From today ESC has therefore suspended all capacity payments and collection of the Capacity Market Supplier Charge that funds them from electricity suppliers.
LCCC is launching a new training course aimed at introducing developers of low carbon generation to the CFD scheme and LCCC (the CFD Counterparty). To find out more and to register please click for here.