LCCC and ESC Annual Reports 2024/25

We have published our Annual Report and Accounts for 2024/25, marking the tenth anniversary of LCCC’s establishment in 2014 and highlighting our continued progress towards the UK’s Net Zero goals.

This year’s reports reflect a year of focused delivery, innovation, and growth across both organisations.

Low Carbon Contracts Company highlights

• We secured record low-carbon investment: Allocation Round 6 delivered 130 new Contracts for Difference (CfD), representing 9.58 GW of potential capacity once operational
• We expanded into new Net Zero technologies: We signed the first hydrogen and Carbon Capture, Usage and Storage (CCUS) contracts under government schemes
• We enhanced efficiency: We embedded our contract management platform (Zero) and progressed our new Head End System (HES)
• We improved forecasting: We began modelling our in-house forecasting tool, ELFO, to improve levy forecasting accuracy and support future resource planning

Read the LCCC Annual Report 2024/25

Electricity Settlements Company highlights

• We supported a resilient energy system: The T-1 auction for Delivery Year 2025/26 secured 7.94 GW of capacity – the highest ever awarded through a T-1 auction
• We streamlined operations: We took on new responsibilities from the National Energy System Operator (NESO), centralised data with EMR Settlement Limited (EMRS), and enhanced automation
• We managed funds efficiently: We collected and distributed £1.25bn in capacity payments and returned £0.96m to suppliers

Read the ESC Annual Report 2024/25

Looking ahead

We remain focused on supporting the government’s Clean Power 2030 Action Plan, preparing for Allocation Round 7 (AR7), scaling the Capacity Market (CM).

We will continue to enable investment in hydrogen, CCUS, nuclear, and other low-carbon solutions.