Low Carbon Contracts Company & Electricity Settlements Company
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) adjusted the Interim Levy Rate (ILR) for the period from 14 September 2021 to 30 September 2021. The ILR has been set to £0.000/MWh.
Since the start of Q3 2021, Low Carbon Contracts Company (LCCC) has been building a surplus of income over payments, caused by a combination of lower expected generator payments and higher power prices.
As a result, LCCC has decided to further reduce the Interim Levy Rate (ILR) to £0.000/MWh.
For further detail on LCCC’s calculations, please refer to our online CfD Levy Dashboards.
A Stakeholder Bulletin outlining this has been published today and is available to download via the button on this webpage.