Settling up during an energy crisis
The Contracts for Difference (CfD) and Capacity Market schemes have been severely tested by the energy crisis. Patrick Bibby, senior head of operations at the Low Carbon Contracts Company (LCCC), which manages the low-carbon generation auctions, talks about returning £500 million to suppliers, how the company would cope with an expansion of the current CfD scheme and about potential new roles around hydrogen and carbon capture.
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