Chwilio Deddfwriaeth

The Carbon Capture Revenue Support (Directions, Eligibility and Counterparty) Regulations 2024

Draft Legislation:

This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Carbon Capture Revenue Support (Directions, Eligibility and Counterparty) Regulations 2024 No. 688

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8.—(1) A carbon capture counterparty must, in respect of each carbon capture revenue support contract to which it is a party, enter onto the register—

(a)the date, agreed pursuant to that contract, on which it is intended the eligible carbon capture entity will start capturing carbon dioxide;

(b)the dates, agreed pursuant to that contract, of the beginning and end of any period within which it is intended the eligible carbon capture entity will start capturing carbon dioxide;

(c)the date notified from time to time by the eligible carbon capture entity pursuant to that contract as the date on which it expects to be eligible to receive payments under the contract;

(d)the date notified by the eligible carbon capture entity pursuant to that contract as the date on which it has met the necessary conditions entitling it to receive payments under that contract;

(e)the latest day, agreed pursuant to that contract, on which the eligible carbon capture entity can meet the conditions necessary to entitle it to receive payments under the contract; and

(f)the date on which the contract expires or, in the event of the earlier termination of the contract, the date on which the contract terminated.

(2) But the carbon capture counterparty must omit from the register the information required by sub-paragraph (1)(c) where—

(a)the eligible carbon capture entity requests this in writing; and

(b)the carbon capture counterparty considers that if the information were the subject of a request for disclosure under the Freedom of Information Act 2000(1), or the Environmental Information Regulations 2004(2), the carbon capture counterparty would be entitled to withhold the information from disclosure.

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