Focus on Low Carbon Contracts Company
Under the UK government’s Contracts for Difference (CfD) scheme, the arm’s length Low Carbon Contracts Company (LCCC) manages contracts with low-carbon electricity generators. The aim of the scheme is to incentivise investment in renewable energy, by protecting developers of projects with high upfront costs and long lifetimes, from volatile wholesale prices.
Fact check: Major hurdle for UK offshore wind auction was changed by Conservatives
Energy Security and Net Zero Secretary Ed Miliband has claimed that “Labour came in and fixed” last year’s failed offshore wind auction.
CfD Allocation Round Six (AR6) Results
3 Sep 2024 The results of the sixth competitive Allocation Round (AR6) for the Contract for Difference (CfD) were released by the Department...
LCCC and ESC annual reports published
26 Aug 2024 Low Carbon Contracts Company (LCCC) and Electricity Settlements Company (ESC) have today published their annual reports and accounts for 23/24....
