Low Carbon Contracts | Inclusive Companies

We are a private company with a mission to accelerate net zero through facilitating low carbon investment.

We work closely with our shareholder The Department of Energy Security (DESNZ), to carry out key aspects of the Electricity Market Reform.

careers.lowcarboncontracts.uk

Government Owned

As a government-owned entity, along with our sister company, the Electricity Settlements Company (ESC), we are governed by framework documents setting out shareholder relationships and guiding principles. We are also categorised as governmental arm’s-length bodies. We are led by an independent board, on which the government is represented, and constitutional documents form part of our governance structure.

Contract Management

Under the government’s Contracts for Difference (CfD) scheme, we manage contracts with low-carbon electricity generators. The aim of the scheme is to incentivise investment in renewable energy, by protecting developers of projects with high upfront costs and long lifetimes, from volatile wholesale prices. Contracts under the scheme also protect consumers from paying increased support costs when electricity prices are high. We also manage the Supplier Obligation mechanism, which is a compulsory levy on electricity suppliers, to meet the cost of CfDs. We forecast these payments using sophisticated models.

Settlements

As a Capacity Market Settlement Body, ESC is responsible for managing all financial transactions and associated assurances under the Capacity Market (CM) scheme, such as: credit cover; meter assurance; penalties; and payments to Capacity Providers.

What does Diversity, Equity and Inclusion (DEI) mean to LCCC?

We value the unique experiences and perspectives that each one of us brings to LCCC. We appreciate the different thoughts and approaches that our people bring. With our three core values, Better together, Powered by curiosity, and Own every outcome, we actively seek and celebrate differences in all their forms, both visible and invisible.

We are committed to levelling the playing field in a meaningful way. To us, it’s not about treating everyone the same, but rather providing tailored support to meet the different needs and circumstances of each individual. We own every outcome by taking responsibility for our behaviours, our actions and our work. In doing so, we aspire to create an environment where everyone feels genuinely welcome, heard, empowered and valued. We want everyone to feel that they belong without having to conform. That’s why it’s important to us that we encourage open dialogue, collaboration and mutual respect. We believe we are better together, creating a culture where everyone can thrive.

Our goal is to build a diverse, inclusive, value-led and equity driven culture. We want people to feel that they can bring their whole selves to work, and that their differences are accepted and valued. We also want them to know that they are an integral part of our organisation. We need everyone to get involved and help make this our reality.

CEO STATEMENT

Neil McDermott

At LCCC, we want everyone to feel they are an integral part of our organisation, and each one of us plays an important role in fulfilling our mission. Diversity of backgrounds, thoughts and ideas enhances our capacity for innovation, empowering us to create a more flexible energy future through new data, insights and capabilities.

We aim to employ those who are inspired by our mission and share our values, regardless of visible and invisible differences. This commitment enables us to improve opportunities for all.

We are dedicated to working with partners and stakeholders, both within our sector and beyond, to build the dynamic and inclusive industry needed to achieve the transition to Net Zero.

EMPLOYEE PERSPECTIVE

Claresta Kendall

DEI Lead

As the DEI Lead at LCCC, my mission is to help drive a culture where everyone feels empowered to bring their whole selves to work and thrive in ways that suit them best.

At LCCC, we embrace the diverse backgrounds of our colleagues and value the unique thoughts, approaches and perspectives they bring. I love that we are passionate about accelerating towards Net Zero as an organisation and I love that DEI isn’t just a policy at LCCC – it’s our reality, it’s who we are.

Zainab Ahmed

DEI Specialist Support

As a British Bangladeshi woman, I bring both a lived experience and a strong commitment to equity, representation and inclusion in the workplace. My role in Internal Communications has deepened my understanding of the importance of visibility, cultural awareness, and allyship across all levels of business.

As DEI strategy support at LCCC, I am driven by the opportunity to help create an environment where everyone feels like they belong and can bring their whole self to work. LCCC is made up of people from all walks of life, and through active engagement, I aim to contribute meaningfully to building a truly inclusive culture at work and celebrate what makes us different.