The Carbon Dioxide Transport and Storage Revenue Support (Directions and Counterparty) Regulations 2024

Regulation 6(2)

SCHEDULE REGISTER OF REVENUE SUPPORT CONTRACTS

PART 1 DUTIES OF A COUNTERPARTY

1.  The counterparty must maintain the register required to be kept by virtue of regulation 6 in accordance with the requirements set out in this Schedule.

2.  The counterparty must create an entry on the register in respect of each revenue support contract to which it is a party.

3.  The counterparty may, in addition to any information that it is required to enter onto the register, enter onto the register any other information which it considers would facilitate the administration of revenue support contracts.

PART 2 INFORMATION IDENTIFYING THE CONTRACT AND THE ELIGIBLE PERSON

The unique identifier

4.  The counterparty must enter onto the register the unique identifier assigned to each revenue support contract pursuant to regulation 6(1).

Information regarding the eligible person

5.  The counterparty must, in respect of each revenue support contract to which is it a party, enter onto the register—

(a) the name of the eligible person who is a party to that contract;

(b) the address for correspondence with the eligible person; and

(c) any unique identifier (for example, a company registration number) assigned to the eligible person by a public authority in the United Kingdom.

PART 3 INFORMATION REGARDING THE TRANSPORT AND STORAGE FACILITIES

6.  The counterparty must, in respect of each revenue support contract to which it is a party, enter onto the register the name of the facility where the eligible person is to transport or store carbon dioxide in pursuance of the revenue support contract.

PART 4 INFORMATION ABOUT THE COMMENCEMENT AND DURATION OF ACTIVITIES PURSUANT TO THE CONTRACT ETC.

7.—(1) A counterparty must, in relation to each 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 to start the transport or storage of carbon dioxide;

(b) the date notified by the eligible person pursuant to that contract as the date on which it expects to be eligible to receive payments under the contract, updated quarterly; and

(c) 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 counterparty must omit from the register the information required by sub-paragraph (1)(b) where—

(a) the eligible person requests this in writing; and

(b) the 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 counterparty would be entitled to withhold the information from disclosure.

(1)

2000 c. 36.

(2)

S.I. 2004/3391.