Member

The reason why the word “nuclear” is in this SI, which has been mentioned, is that the LCCC will begin to administer the RAB process for Sizewell C; that is another job that has been placed on the LCCC’s shoulders. This is not mission creep. Actually, the fact that there is a large and increasing number of contracts that vary around CfDs—they take into account dispatchable and baseload low-carbon operation, as well as the intermittent and variable low-carbon emissions that we are more used to—means that both the LCCC and the ESC have considerable new responsibilities that need to be properly managed and funded. The cost of those new responsibilities, which are not mission creep, is very minimal to the consumer—it is less than 0.1% of bills—but this enables efficient management and price reductions as a result of the LCCC’s work.