CCUS transport and storage Revenue Support Agreement counterparty
Download the full outcome
Detail of outcome
The government response provides a high-level summary of the responses, highlighting:
- some of the key comments on the proposed revenue support regulations
- our position on each question
We will continue to work with the devolved administrations to ensure that the proposals take account of devolved responsibilities and policies across the UK to facilitate successful deployment.
We will deliver these revenue support regulations as soon as departmental and Parliamentary timelines allow.
Detail of feedback received
We received 4 responses from organisations, including:
- CCUS trade associations
- the wider supply chain
Original consultation
Consultation description
This consultation sets out regulatory proposals relating to the carbon capture, usage and storage (CCUS) transport and storage business model, including:
- Revenue Support Agreement counterparty
- counterparty duties
- establishment of a public register of Revenue Support Agreements
This will establish details regarding:
- the direction to offer to contract: the process by which the Secretary of State may direct a counterparty to offer to contract and the duties the counterparty must carry out
- information publication: requirements for certain information about contracts and projects must be published
We expect the consultation to be of particular interest to:
- transport and storage developers and investors
- others who would be directly affected by the proposals for the revenue support regulations
Read our consultation privacy notice.
Documents
Last updated 29 February 2024 + show all updates
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Government response published.
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First published.