The Low Carbon Contracts Company (LCCC) is an independent, not-for-profit company, wholly owned by the Secretary of State for Business, Energy and Industrial Strategy (BEIS). The company has two regulatory roles that are central to the delivery of the government’s objective of “ensuring that the country has secure energy supplies that are reliable, affordable and clean”.
As a Counterparty to Contracts for Difference (CFDs), we are responsible for managing agreements with low carbon electricity generators under the CFD scheme;
In addition, as the Capacity Market Settlement Body, we are responsible for managing all financial transactions and associated assurances under the Capacity Market scheme, on behalf of its sister company, the Electricity Settlements Company Limited (ESC).
Our vision is to be at the heart of the delivery of the UK’s goals for secure, affordable and sustainable electricity.
Our mission is to implement and develop electricity market schemes, providing operational independence, expertise, insight and leadership.
LCCC’s guiding principle is to maintain investor confidence in the CFD scheme and minimise costs to consumers.
These are underpinned by our five core values. Click here to find out more about who we are.