The Low Carbon Contracts Company (LCCC) enters into and manages Contracts for Difference (CfD) with low carbon electricity generators. The Electricity Settlements Company (ESC) is responsible for financial transactions relating to the Capacity Market, including making capacity payments to capacity providers, controlling collateral and managing auction bid bonds.
The operational costs of the companies are recovered through levies on electricity suppliers, as set out in legislation.
Subject to the outcome of the consultation, the regulations will be amended, and the operational cost levies for 2021 to 2022 will be reflected in secondary legislation, which will come into force before 1 April 2021 subject to the will of Parliament.
See the BEIS consultation privacy notice.
Please do not send responses by post to the department at the moment as we may not be able to access them.