Consultation on Low Carbon Contracts Company and Electricity Settlements Company operational costs 2018/19 to 2020/21Posted on:
On 10 November 2017, Department for Business, Energy & Industrial Strategy (BEIS) launched the consultation on the Low Carbon Contracts Company (LCCC) and the Electricity Settlements Company (ESC) operational costs 2018/19 to 2020/21.
BEIS are seeking views on the proposed 2018/19 to 2020/21 operational cost budgets and resulting levies for the LCCC and the ESC. They would also like your views on a proposal to amend legislation so that the levies can be set more than one Financial Year in advance. The consultation closes on 8 December 2017 and responses can be emailed to LCCC-ESCoperationalcosts@beis.gov.uk.
Subject to the outcome of the consultation, the regulations will be amended, and the operational cost levies for 2018/19, 2019/20 and 2020/21 will be reflected in secondary legislation, which is intended to be laid in Parliament in early 2018, to come into force (subject to the will of Parliament) before 1 April 2018.