Jul 13, 2026 · 35 min · 11 segments
In this episode, we discuss the UK Government's Contracts for Difference (CfD) Scheme with the Low Carbon Contracts Company, an organisation which enables clean energy investment into low carbon…
Andrew DealeyGuest
Emily ReesHostTom QuinnHost
We've really been looking forward to have this conversation because we feel like all of our listeners will be familiar with the CFD process, but perhaps not so much the inner workings of it and the role of the LCCC.
So could you first give us a quick outline of your role at the company and then a bit of a breakdown of the functions of the LCCC organisation for us?
So just to give a quick overview of my role, I'm director of strategy and corporate affairs at Low Carbon Contracts Company, or LCCC as we like to call ourselves.
I suppose in simple terms, I'm responsible for where the organization is heading by way of strategy, how we engage externally, but also how we turn strategy into something that we actually deliver.
And another big part of my role that has grown quite material, I would say, the last few years is around the policy advice that we provide.
So we have a material number of contracts, which I'm sure we're going to talk about.
And we typically use a lot of that insight and feedback through managing the contract for difference to engage with government, to help policy decision makers through the schemes that we manage.
I'm keen to look even deeper into the role of the LCCC as I think there's perhaps quite a vague understanding of the LCCC's role amongst the industry.
I think it would really benefit our listeners to hear exactly what the LCCC do and perhaps as a part of that, what you don't do.
So there's a very formal description about Triple C, which is that we're an independent, private, limited organization, and we're wholly owned by the Department for Energy Security, Net Zero.
Now, that's a very formal explanation, of course, but just to give a bit of history, we were established in 2014.
And our role is to serve as the private law counterparty to the Contract for Difference, which, as we know, guarantees renewable electricity generators a fixed price for their electricity.
Now, there's another part to RCCC as well, which is called the Electricity Settlements Company.
And again, when we were established in 2014, We're also set up to administer the capacity market, which provides payments to capacity providers to ensure they're able to provide capacity to the grid if there were a system stress event.
And within the Contract for Difference scheme, we essentially have three functions.
We've really been looking forward to have this conversation because we feel like all of our listeners will be familiar with the CFD process, but perhaps not so much the inner workings of it and the role of the LCCC.
So could you first give us a quick outline of your role at the company and then a bit of a breakdown of the functions of the LCCC organisation for us?
So just to give a quick overview of my role, I'm director of strategy and corporate affairs at Low Carbon Contracts Company, or LCCC as we like to call ourselves.
I suppose in simple terms, I'm responsible for where the organization is heading by way of strategy, how we engage externally, but also how we turn strategy into something that we actually deliver.
And another big part of my role that has grown quite material, I would say, the last few years is around the policy advice that we provide.
So we have a material number of contracts, which I'm sure we're going to talk about.
And we typically use a lot of that insight and feedback through managing the contract for difference to engage with government, to help policy decision makers through the schemes that we manage.
I'm keen to look even deeper into the role of the LCCC as I think there's perhaps quite a vague understanding of the LCCC's role amongst the industry.
I think it would really benefit our listeners to hear exactly what the LCCC do and perhaps as a part of that, what you don't do.
So there's a very formal description about Triple C, which is that we're an independent, private, limited organization, and we're wholly owned by the Department for Energy Security, Net Zero.
Now, that's a very formal explanation, of course, but just to give a bit of history, we were established in 2014.
And our role is to serve as the private law counterparty to the Contract for Difference, which, as we know, guarantees renewable electricity generators a fixed price for their electricity.
Now, there's another part to RCCC as well, which is called the Electricity Settlements Company.
And again, when we were established in 2014, We're also set up to administer the capacity market, which provides payments to capacity providers to ensure they're able to provide capacity to the grid if there were a system stress event.
And within the Contract for Difference scheme, we essentially have three functions.
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