The Low Carbon Contracts Company (LCCC) and the Electricity Settlements Company (ESC) sit at the heart of the delivery of the UK’s goals for secure, affordable and sustainable electricity. These two private limited companies, wholly owned by the Secretary of State for Business, Energy and Industrial Strategy (BEIS) formerly known as Department for Energy and Climate Change (DECC), were created to deliver key elements of the government’s Electricity Market Reform Programme. As government-owned companies, LCCC and ESC are governed by Framework Documents setting out the shareholder relationship and their Guiding Principle.