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.
Related
Posted: 24.10.2025
New dashboard published using 2024 baseline prices
Today we are delighted to publish a new dashboard that converts all previous auction results into the new 2024 baseline price which is what will be used for Allocation Round 7.
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