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The Carbon Capture Revenue Support (Directions, Eligibility and Counterparty) Regulations 2024
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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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9.—(1) In this Part, “capex payment rate”, “reference price” and “strike price” each has the meaning given to it in regulation 8(6).
(2) 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 strike price on the coming into existence of that contract;
(b)the strike price prevailing at any other time;
(c)the capex payment rate on the coming into existence of that contract;
(d)the capex payment rate prevailing at any other time; and
(e)the reference price prevailing at any time (or a hyperlink through which the reference price prevailing at any time can be accessed).
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