Low Carbon Contracts Company and Electricity Settlements Company Operational Costs 2022/23, 2023/24 and 2024/25 Consultation on the Operational Cost Levies

Closed 3 Dec 2021

Opened 5 Nov 2021

Contact

LCCC-ESCoperationalcosts@beis.gov.uk

Overview

This consultation document seeks views on the proposed 2022/23, 2023/24 and 2024/25 operational cost budgets, resulting levies for the Low Carbon Contracts Company (LCCC) and the Electricity Settlements Company (ESC), and changes to legislation.

Currently, the operational costs of the Low Carbon Contracts Company (LCCC) and the Electricity Settlements Company (ESC) are entirely recovered through levies on electricity suppliers as set out in legislation (‘the regulations'). The Energy Act 2013 requires that we consult before making any regulations to amend the levies. 
 

What Happens Next

We will analyse responses and produce a Government response to this consultation, which we plan to publish in early 2022. Subject to the outcome of this consultation and Parliamentary approval, we will amend the relevant legislation to enable levies to be set for 2022/23 to 2024/25.

Audiences

  • Consumer organisations
  • Consumers
  • Consumers
  • Large businesses (over 250 staff)
  • Low carbon technologies
  • Medium business (50 to 250 staff)
  • Multinational businesses
  • Non-Government Organisations
  • Nuclear
  • Regulator
  • Small business (10 to 49 staff)
  • SMEs (small and medium businesses)
  • The Devolved Administrations
  • Trade bodies
  • Wind

Interests

  • Carbon capture and storage
  • Climate change
  • Consumer rights
  • Economic growth
  • Electricity
  • Electricity
  • Energy and climate change
  • Energy and climate change
  • Growth
  • Nuclear
  • Nuclear
  • Renewable energy
  • Renewable energy
  • Security and resilience
  • Security and resilience
  • Taxation