- This scheme will provide support to two Transport and Storage networks within the Transport and Storage Regulatory Investment Model and wider Government carbon capture, usage and storage (CCUS) programme.
- Support under the scheme will be provided by a Revenue Support Agreement (balancing revenue collection with allowed revenue) and a Government Support Package (with three agreements covering decommissioning funding gaps, supplementary compensation and discontinuation compensation).
- Our key takeaways from the Subsidy Advice Unit (SAU) report are that:
- the impact on the proportionality of the scheme from setting up the business models for capture projects should be thoroughly outlined;
- assessments of and detail on the potential impacts on competition across the supply chain, networks and developing markets should be included;
- the benefits to potential shareholders from the scheme should be addressed, including any competitive advantage they derive from the scheme;
- where there are different subsidy mechanisms, the interaction between these should be clearly outlined; and
- in line with the Statutory Guidance, reports should outline how they intend to stay consistent in their delivery throughout the scheme’s lifetime.
DESNZ, CCUS Transport and Storage Regulatory Investment Model Support Scheme
Posted in Subsidy Advice Report Tracker.