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

1. Introductory Text

2. 1. Citation, commencement and extent

3. 2. Interpretation and application

4. 3. Meaning of “eligible” in relation to a carbon capture entity

5. 4. Meaning of “excluded carbon capture entity”

6. 5. Directions pursuant to section 68(1) of the Energy Act 2023

7. 6. Directions ceasing to have effect

8. 7. Revocation of a direction by the Secretary of State

9. 8. Publication of carbon capture revenue support contracts

10. 9. Register of carbon capture revenue support contracts

11. 10. Carbon capture counterparties – notification of defaults

12. Signature

13. 1. SCHEDULE

       REGISTER OF CARBON CAPTURE REVENUE SUPPORT CONTRACTS

       1. PART 1 DUTIES OF A CARBON CAPTURE COUNTERPARTY

          1. 1. A carbon capture counterparty must maintain the register required to...

          2. 2. A carbon capture counterparty must create an entry on the...

          3. 3. A carbon capture counterparty may, in addition to any information...

          4. 4. A carbon capture counterparty must, so far as it is...

       2. PART 2 INFORMATION IDENTIFYING THE CONTRACT AND THE ELIGIBLE CARBON CAPTURE ENTITY

          1. 5. The unique identifier

          2. 6. Information regarding the eligible carbon capture entity

       3. PART 3 INFORMATION REGARDING THE FACILITIES WHERE THE CARBON DIOXIDE IS CAPTURED

          1. 7. A carbon capture counterparty must, in respect of each carbon...

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

          1. 8. (1) A carbon capture counterparty must, in respect of each...

       5. PART 5 INFORMATION ABOUT PAYMENT CALCULATIONS UNDER THE CONTRACT

          1. 9. (1) In this Part, “capex payment rate”, “reference price” and...

14. Explanatory Note