The Low Carbon Contracts Company (LCCC) and the Electricity Settlements Company (ESC) are private limited companies, wholly owned by the Secretary of State for Business, Energy, and Industrial Strategy (BEIS). They were created to deliver key elements of the Government’s Electricity Market Reform (EMR) Programme. As government-owned companies, LCCC and ESC are governed by Framework Documents setting out the shareholder relationship and their Guiding Principle.
LCCC manages Contracts for Difference (CfD) with low carbon electricity generators under the CfD scheme. This also involves managing the Supplier Obligation Levy that funds CfD payments, which we forecast using sophisticated models.
LCCC carry out the obligations of the Capacity Market Settlement Body to manage Capacity Market payments on behalf of our sister company, Electricity Settlements Company (ESC). This includes holding credit cover for Capacity Auction participants and conducting meter assurance.
Websites: https://www.lowcarboncontracts.uk/
Careers: https://lowcarboncontracts.pinpointhq.com/
Business Sector: Renewable Energy
HQ Location: London, UK
Office Locations: London, UK
Number of People: 113
CEO: Neil McDermott
CFO: George Pitt
Female Leadership:
General Counsel & Company Secretary: Allison Sandle
IT Cloud and Productivity Manager: Tanu Sharma
Forecasting Manager: Despina Yiakoumi
Head of Change Management & New Business Implementation: Colette Krishan
Vision: is too to accelerate the delivery of Net Zero
Mission: is to shape and implement schemes that enable low-carbon investment at least cost to the consumer.
In working towards these goals we follow five core values, which outline how we will behave towards each other and our stakeholders. They are key to successfully delivering our strategy. We encourage all our people to play their role in bringing our values to life, whatever job they do.
At Low Carbon Contracts we recognise and celebrate employees who effectively demonstrate our values with annual values recognition awards. Every month we encourage staff to nominate their colleagues to gain that little extra recognition.
Exceed expectations and add value everytime
Collaborate to achieve collective success
Celebrate success
Respect and value each other’s differences
Seek diverse perspectives to optimise the solution
Listen actively and keep an open mind
Pursue bold and better ways to change
Challenge yourself and others to improve
Be proactive and respond with energy
Build trusted and trusting relationships
Take accountability for your actions
Demonstrate honesty and professionalism
Empower colleagues to take the lead
Inspire confidence in our ability to deliver
Promote an objective and impartial view
25 days annual leave and bank holidays
Health and well being
Maternity & Paternity/Family savings/days out
Pension scheme
Employee assistant programme
Mental and emotional health support
Deals, gym discounts, cash back
Special leave, sabbatical or public service
Hybrid working
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