Low Carbon Contracts Company
The Low Carbon Contracts Company (LCCC) was established in 2014 as an independent limited company that is wholly owned by the Secretary of State for Business, Energy and Industrial Strategy (BEIS).
It was established to be the Contracts for Difference (CfD) counterparty under the CfD regulations and the entity with whom successful energy generators sign a contract after an auction process administered by National Grid (ESO).
The Governments Contracts for difference website https://www.gov.uk/government/publications/contracts-for-difference/contract-for-difference states:
"The Contracts for Difference (CfD) scheme is the UK government’s main mechanism for supporting low-carbon electricity generation, it incentivises investment in renewable energy by providing developers of projects with high upfront costs and long lifetimes direct protection from volatile wholesale prices, and they protect consumers from paying increased support costs when electricity prices are high."
UK renewable generators in the UK that meet eligibility requirements can apply for a CfD by submitting a form of ‘sealed bid’, so far the 4 auctions, or allocation rounds, have seen a range of different renewable technologies competing directly against each other for a contract. The LCCC host engagement events to help and advise stakeholders on the details of the contract and the obligations required of the generator in the period leading up to the allocation round.
The LCCC works with generators, once contracts are signed, to take them through the various milestones that have to be met before the start date of a project,after which point CfD payments are determined and then paid by the LCCC for the duration of the contract term. It also provides advice to BEIS on the performance, development and potential evolution of the CfD scheme.
[edit] Related articles on Designing Buildings
- Contracts for Difference.
- Contract law.
- Contract v tort.
- Contracts under seal v under hand.
- Disputes.
- Letter of intent.
- Low carbon construction IGT.
- Low Carbon Transition Plan.
- Routes to low carbon energy.
- The Low Carbon Transition Plan: National strategy for climate and energy.
- Overcoming the challenges of Brexit.
- Privity of contract.
- Rights of third parties.
- The SME's updated guide to Brexit.
- What does Brexit mean for construction?
Featured articles and news
Investors in People: CIOB achieves gold
Reflecting a commitment to employees and members.
Scratching beneath the surface; a guide to selection.
ECA 2024 Apprentice of the Year Award
Entries open for submission until May 31.
UK gov apprenticeship funding from April 2024
Brief summary the policy paper updated in March.
For the World Autism Awareness Month of April.
70+ experts appointed to public sector fire safety framework
The Fire Safety (FS2) Framework from LHC Procurement.
Project and programme management codes of practice
CIOB publications for built environment professionals.
The ECA Industry Awards 2024 now open !
Recognising the best in the electrotechnical industry.
Sustainable development concepts decade by decade.
The regenerative structural engineer
A call for design that will repair the natural world.
Buildings that mimic the restorative aspects found in nature.
CIAT publishes Principal Designer Competency Framework
For those considering applying for registration as a PD.
BSRIA Building Reg's guidance: The second staircase
An overview focusing on aspects which most affect the building services industry.
Design codes and pattern books
Harmonious proportions and golden sections.
Introducing or next Guest Editor Arun Baybars
Practising architect and design panel review member.
Quick summary by size, shape, test, material, use or bonding..