delete REGISTER OF CARBON CAPTURE REVENUE SUPPORT CONTRACTS
These regulations implement the carbon capture revenue support mechanism under s.68 of the Energy Act 2023. They define eligible carbon capture entities (industrial emitters capturing CO2 for storage, excluding grid-connected electricity generators), set procedural requirements for Secretary of State directions to carbon capture counterparties, mandate contract publication with confidentiality exclusions, and require counterparties to maintain registers and notify the Secretary of State of performance issues.
These regulations institutionalize government subsidy of carbon capture technology through guaranteed revenue support contracts, picking winners in the energy market at taxpayer or consumer expense. The eligibility exclusions (electricity generators but not industrial emitters) are arbitrary market distortions. As with the abolished ROC regime, such corporate welfare distorts investment signals, crowds out alternative technologies that must compete without state backing, and perpetuates uneconomical technologies that should succeed or fail on market merits alone. The procedural framework merely facilitates this subsidy mechanism and cannot be separated from it.