UK Statutory Instrument SI 2024/688 United Kingdom

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

Read it on legislation.gov.uk (opens in a new tab)
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Any Person4

Plus 9 duties on the regulator, Crown ministers and public bodies — folded into the section list below.

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Any Person — also bound by 2340 other Acts

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

sch. para. 1 A carbon capture counterparty must maintain the register required to... Regulated
Other duties (1) — Crown / regulator
  • Carbon capture counterparty must maintain the registerStatutory regulator
sch. para. 2 A carbon capture counterparty must create an entry on the... Regulated
Other duties (1) — Crown / regulator
  • Create a register entry for each revenue support contractCrown / Minister / Government department
sch. para. 4 A carbon capture counterparty must, so far as it is... Regulated
Other duties (1) — Crown / regulator
  • Carbon capture counterparty must keep register entries accurateCrown / Minister / Government department
sch. para. 5 The unique identifier Regulated
  • Register unique identifier for each carbon capture revenue support contractAny Person
sch. para. 6 Information regarding the eligible carbon capture entity Regulated
  • Register eligible carbon capture entity details for each contractAny Person
sch. para. 7 A carbon capture counterparty must, in respect of each carbon... Regulated
Other duties (1) — Crown / regulator
  • Register key contract and facility details for each revenue support contractStatutory regulator
sch. para. 8 (1) A carbon capture counterparty must, in respect of each... Regulated
Other duties (1) — Crown / regulator
  • Maintain a register of key contract dates for each carbon capture contractCrown / Minister / Government department
sch. para. 9 (1) In this Part, “capex payment rate”, “reference price” and... Regulated
Other duties (1) — Crown / regulator
  • Carbon capture counterparty must register contract pricesCrown / Minister / Government department
s.005 Directions pursuant to section 68(1) of the Energy Act 2023 Regulated
Other duties (1) — Crown / regulator
  • Secretary of State must issue compliant carbon capture directionsCrown / Minister / Government department
s.006 Directions ceasing to have effect Regulated
  • Carbon capture counterparty must notify eligible entity when offer lapsesAny Person
s.008 Publication of carbon capture revenue support contracts Regulated
Other duties (1) — Crown / regulator
  • Publish carbon capture revenue support contracts (with confidential data removed)Crown / Minister / Government department
s.009 Register of carbon capture revenue support contracts Regulated
  • Assign identifiers and keep a register of carbon capture contractsAny Person
s.010 Carbon capture counterparties – notification of defaults Regulated
Other duties (1) — Crown / regulator
  • Carbon capture counterparty must notify Secretary of State if unable to perform functionsCrown / Minister / Government department
6 other provisions — procedural and definitional
s.001 Citation, commencement and extent
s.002 Interpretation and application
s.003 Meaning of “
s.003 A carbon capture counterparty may, in addition to any information... (opens in a new tab)
s.004 Meaning of “excluded carbon capture entity”
s.007 Revocation of a direction by the Secretary of State

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.