Blogs and Insights
Our Insights and blog posts are aimed at drawing out and sharing what we have learnt from how the CfD and CM schemes are currently operating to enable the energy sector to play its role in achieving UK Net Zero by 2050.
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.
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.
As the first steps on the road to Electricity Market Reform, the Contract for Difference (CfD) framework and transition to auctions delivered a well-needed shock to the industry.
Looking back, it’s hard to believe that it was ten years ago that the then Department of Energy and Climate Change (DECC) undertook its Energy Market Assessment, which recommended Electricity Market Reform.