Evolution of Economic Regulation for CO2 Storage
Overview
To maintain investment and continue development of CO2 stores, we would like to consider whether alternative forms of economic regulation for CO2 storage are appropriate as the market transitions towards a self-sustaining market. This call for evidence investigates whether the Regulated Asset Base (RAB) model of economic regulation for CO2 storage will continue to best meet the needs of users, developers, investors, and consumers as the CCS market matures; whilst also supporting the UK’s Carbon Budgets and net zero.
We are seeking views and evidence on elements of economic regulatory regime for CO2 storage in these key areas:
1. Economic Regulation and Natural Monopolies
2. Competition and Storage Costs
3. Investment: Equity and Debt Considerations
Following the call for evidence closing, government and Ofgem will assess the responses received and provide a summary. We will use the information gathered to inform policy development and decisions on options for future economic regulation to support continued growth and deployment of offshore CO2 storage.
Give us your views
Audiences
- Central government
- Consumers
- Finance
- Investment
- Large businesses (over 250 staff)
- Low carbon technologies
- Medium business (50 to 250 staff)
- Non-departmental public bodies
- Oil and Gas
- Regulator
- Researchers
- SMEs (small and medium businesses)
- The Devolved Administrations
- Thinktanks
- Trade bodies
Interests
- Business investment
- Carbon budgets
- Carbon capture and storage
- Carbon offsetting
- Climate change
- Competitiveness
- Effectiveness
- Energy and climate change
- Energy efficiency
- Growth
- International
- Investment
- Oil and Gas
- Oil and gas
- Regulation
- Saving energy
- Saving energy
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