The LCCC is a limited company, wholly owned by the Secretary of State for Business, Energy and Industrial Strategy (BEIS).
It was created as an operationally independent organisation designed to maintain investor confidence in the scheme.
LCCC was established to be the counterparty to Contracts for Difference (CFD) and its primary role is to manage CFDs throughout their lifetime, which involves the management of the contracts as well as the Supplier Obligation Levy that funds CFD payments.
Critical to these functions is its forecasting and settlement activities.
In all of its operations, LCCC is led by its guiding principle to “maintain investor confidence in the CFD scheme and minimise costs to consumers”.
LCCC also runs Capacity Market settlement operations on behalf of the Electricity Settlement Company (ESC), another independent organisation.
Roll-over each segment to find out more about what is involved and the organisation responsible.
For a more detailed view of the CFD Allocation Round, visit our timeline here.