LCCC welcomes the results of the Capacity Market T-4 Auction for Delivery Year 2026-27. The T-4 ensures that security of supply is assured throughout 2026-27 with an additional 43GW capacity purchased at a clearing price of £63 /kW/year. 

LCCC welcomes the Capacity Market T-1 Auction results for Delivery Year 2023-24. The Government purchased 5.8GW of additional derated capacity which could cost the consumer up to £377m settled via the Electricity Settlements Company.

Low Carbon Contracts Company (LCCC) and Electricity Settlements Company (ESC) have today published their annual reports and accounts for 2021-2022.

Low Carbon Contracts Company (LCCC) has completed the Contracts for Difference (CfD) Interim Levy Rate (ILR) and Total Reserve Amount (TRA) forecasts for Q4 2022.

The Baseload Market Reference Price (BMRP) for Summer 2022, which covers April 2022 to September 2022, is £168.25/MWh.

The Electricity Settlements Company (ESC) is pleased to announce the development of an automated report that will reduce the administrative burden on Capacity Providers and Delivery Partners in the Capacity Market (CM) scheme.

The Department for Business, Energy and Industrial Strategy (BEIS) has published its response to the consultation on Low Carbon Contracts Company (LCCC)’s and Electricity Settlements Company (ESC)’s proposed operational cost budgets and levies…

While Q3 2021 saw the first day and week of net negative generator payments, 2022 starts with another milestone for the CfD scheme: the first quarter the scheme will return money to electricity suppliers.

Commenting on the the UK government’s announcement of the opening of the fourth round of the Contracts for Difference (CfD) scheme, Neil McDermott, Low Carbon Contracts Company's Chief Executive, said: