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 for 2022/23 to 2024/25.
In the ‘Low Carbon Contracts Company and Electricity Settlements Company operational costs 2022/23, 2023/24 and 2024/25 consultation on the operational cost levies’, published on 5 November 2021, the government sought views on the proposed 2022/23, 2023/24 and 2024/25 operational cost budgets and resulting levies for the Low Carbon Contracts Company and the Electricity Settlements Company.
The Government Response to that consultation has now been published, summarising the feedback received on each of the consultation questions and setting out the government’s response to the points raised. The full document is available here: LCCC and ESC operational costs 2022-2023 to 2024-2025: government response to consultation.
The estimated operating costs for LCCC, the forecasts of gross electricity demand to be used to calculate its operational cost levies and the levy rates that will be included in regulations are confirmed in Table 1 on page 6 of the consultation response document.