Blogs & Insights

In early November, some members of the LCCC Contract Management Team travelled to the Islands of Orkney, a place that has been at the forefront of innovation in the energy sector for generations, to conduct two site visits.

Today, the Chancellor, Jeremy Hunt announced in his Autumn Statement that cheap, low carbon, reliable energy must sit at the heart of any modern economy and that energy efficiency and energy independence are key to the UK’s approach. 

Yesterday, COP27 began in the Egyptian resort town of Sharm el-Sheikh. Hundreds of diplomats and officials world-wide have arrived to explore and negotiate strategies for international climate action. 

As Ofgem prepares to release its decision on the domestic energy bill cap this week, it is timely to look at how the money is flowing around the CfD system now and in the coming quarter.

In the current market, where wholesale gas and electricity prices have been high and volatile, LCCC has been receiving a lot of interest in how much money CfD generators have been returning to LCCC.

The Contract for Difference is the flagship scheme supporting Great Britain’s transition to Net Zero by 2050, enabling affordable and diverse low carbon generation.