The Low Carbon Contracts Company (LCCC) role is to oversee the settlement of the Capacity Market to ensure that regular payments are made to capacity providers who have agreed to provide capacity at times of system stress, to provide meter assurance for sites not already validated by the Balancing System Code operator and also to enable volume reallocation required for secondary trading, which is permitted between those capacity providers who have under – or over – delivered their obligation during a stress event.
Useful Links
- LCCC Guidance Page: LCCC/ESC provide a number of guidance notes for Capacity Providers
- LCCC FAQs page