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Chair - Low Carbon Contracts Company (LCCC) & Electricity Settlements Company (ESC)

Body
Low Carbon Contracts Company (LCCC) & Electricity Settlements Company (ESC)
Appointing Department
Department of Business, Energy and Industrial Strategy
Sector
Energy
Location
London
Skills required
Business / Commercial, IT / Digital, Major Projects
Number of Vacancies
1
Remuneration
The post-holder will receive part-time pay at the rate of £100,000 per annum. Reasonable travel and subsistence expenses will be reimbursed.
Time Requirements
The successful candidate will be expected to make a time commitment of 2 days per week which will include preparation for and participation in Board meetings.

Campaign Timeline

  1. Competition Launched

    17/01/2019

  2. Closed for Applications

    18/02/2019 at 12:00

  3. Panel Sift

    28/02/2019

  4. Final Interview Date

    09/04/2019

  5. Announcement

    09/08/2019

Announcement

An announcement has been made on the outcome of this appointment.

New Chair Regina Finn appointed to lead key electricity sector delivery body Aug 09, 2019 Low Carbon Contracts Company Ltd (LCCC) and Electricity Settlements Company (ESC) are pleased to announce that Regina Finn has been appointed as their new Chair and will commence her appointment on 2 September 2019. To find out more, here is our full announcement.

View Announcement

Assessment Panel

Panel Member
Joanna Whittington
Panel Role
Panel Chair
Positions
Departmental Official
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Political ActivityN/A
Notes-
Panel Member
Jim Keohane
Positions
Interim Chair of LCCC and ESC Representative of Organisation
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Political ActivityN/A
Notes-
Panel Member
Wendy Barnes
Positions
Independent Member
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Political ActivityN/A
Notes-

Vacancy Description

The LCCC delivers key elements of the Contracts for Difference (CFDs) scheme, established to incentivise investment in low carbon electricity generation. In all its operations as the counterparty to CFDs, the LCCC is led by its principle of maintaining investor confidence in the scheme and to minimise costs to consumers.

The role of the ESC is to maintain a healthy surplus of electricity capacity. It oversees settlement of the Capacity Market to ensure that regular payments are made to capacity providers who have agreed to provide capacity at times of system stress. In carrying out its activities ESC seeks to maintain participants confidence in the Capacity Market whilst minimising costs to consumers.

LCCC and ESC are private limited companies wholly-owned by the Secretary of State for Business, Energy and Industrial Strategy. The companies have day-to-day operational independence, subject to certain limited exceptions which require shareholder consent. The Boards of LCCC and ESC comprise the same members so we are seeking to appoint an individual to be Chair of both companies.

The Secretary of State wishes to recruit a new Chair for the organisation. We wish to attract high calibre applicants from diverse backgrounds who have the ability to provide strong leadership and direction to the Board.

The Chair has the following leadership responsibilities:

  • Ensuring that the companies are highly effective and credible organisations within the energy sector;
  • Leading the Board, planning and conducting its meetings so that it focuses on priority tasks and ensures robust planning and capacity to meet immediate and future requirements;
  • Ensuring that the LCCC and ESC have a clearly defined and widely acceptable strategy, that relevant proposals made by the Executive are effectively scrutinised and that the companies continue to deliver an excellent service and develop into a trusted advisor to BEIS. Ensuring that business plans and budgets submitted by the Executive are reviewed and challenged effectively and approved by the Board;
  • Leading the Board in holding the Executive accountable for successful delivery of the business plan and budgets;
  • Promoting high standards of management and corporate governance within the companies and ensuring probity in accounting and reporting, including to Government;
  • With the Chief Executive, ensuring that the companies comply with all statutory duties and that they work within the Framework Document agreed with BEIS;
  • Representing the companies externally, fostering appropriate relations with Government and senior stakeholders;
  • Where appropriate, take a personal role in resolving difficult issues, notably on disputes, difficulties or legal issues relating to CFDs;
  • Chairing the Nominations Committee to ensure that the Board has the right skills, experience, diversity and turnover to fulfil its remit; and
  • Overseeing the induction and development of new directors and engaging the Board in assessing and improving its performance.

Person Specification

Your application should demonstrate:

  • Experience of working within the private sector;
  • Ability to lead a high-profile Board;
  • Experience of major infrastructure projects, noting that LCCC manages a CFD for Hinkley Point C nuclear power station, one of the largest infrastructure construction projects in Europe;
  • Ability to work at the interface of the public and private sectors;
  • Ability to quickly understand the economic and commercial issues that shape the electricity market; and
  • Excellent communication and interpersonal skills, including the ability to engage stakeholders proactively.

Desirable expertise, experience of one or more of the following:

  • Working within the energy sector;
  • Agreement and efficient management of high value complex contracts;
  • Experience of settlement or other major IT systems; and
  • Working with outsourced back office service providers.

Additional Information

BEIS is committed to providing equal opportunities for all, irrespective of race, age, disability, gender, marital status, religion, sexual orientation, transgender and working patterns and to the principle of public appointments on merit with independent assessments, openness and transparency of process.

BEIS offers professional training courses on public sector finance and governance for those new to the public sector.

How to Apply

Applications should be submitted via www.gatenbysanderson.com/jobs/GSe50753. by the deadline of 12.00 on Monday 18th February 2019. You will be required to submit the following:

  • A CV of no more than two sides of A4
  • A supporting statement of no more than two sides of A4 setting out how you meet the essential criteria. Make sure you refer to the contents of this document and provide specific examples.
  • Email addresses for two referees
  • Completed diversity monitoring form
  • Completed conflicts of interest, conduct, and political activity monitoring form

If you have any queries about any aspect of the appointment process, need additional information or wish to have an informal and confidential discussion, our advising consultants, Adam Davidson (0207 426 3964) or Michael Dobson (0207 426 3960) will be pleased to talk to you.