The Carbon Dioxide Transport and Storage Revenue Support (Directions and Counterparty) Regulations 2024 (2024 No. 687).

These Regulations make provision in connection with the offering by a carbon dioxide transport and storage counterparty designated under section 59(1) of the Energy Act 2023 (“the Act”) of contracts for carbon dioxide transport and storage (referred to in section 59(2) of the Act as “carbon dioxide transport and storage revenue support contracts”). Regulation 2 makes provision as to the form and content of directions made by the Secretary of State pursuant to section 60 of the Act. Regulation 3 makes provision as to when a direction ceases to have effect. Regulation 4 confers a power on the Secretary of State to revoke directions and sets out the procedure to be followed in such a case. Regulation 5 contains requirements regarding the publication of carbon dioxide transport and storage revenue supports. Regulation 6 and the Schedule make provision for the creation and maintenance of a register of carbon dioxide transport and storage revenue support contracts.