67 Designation of carbon capture counterparty

Carbon capture

67  Designation of carbon capture counterparty

(1)     The Secretary of State may by notice given to a person designate the person to be—

(a)     a counterparty for carbon capture revenue support contracts;

(b)     a counterparty for any one or more descriptions of carbon capture revenue support contract.

(2)     A “carbon capture revenue support contract” is a contract to which a carbon capture counterparty is a party and which was entered into by a carbon capture counterparty in pursuance of a direction given to it under section 68(1)

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