Designation of the Low Carbon Contracts Company as counterparty for carbon dioxide transport and storage revenue support contracts
Published 27 August 2024
© Crown copyright 2024
This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: psi@nationalarchives.gov.uk.
Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned.
This publication is available at https://www.gov.uk/government/publications/low-carbon-contracts-company-counterparty-for-carbon-dioxide-transport-and-storage-revenue-support-contracts/designation-of-the-low-carbon-contracts-company-as-counterparty-for-carbon-dioxide-transport-and-storage-revenue-support-contracts
Rt Hon Ed Miliband MP
Secretary of State
Department for Energy Security & Net Zero
55 Whitehall
London
SW1A 2HP
Low Carbon Contracts Company Ltd
10 South Colonnade
Canary Wharf
London
E14 4PU
5 August 2024
Dear Low Carbon Contracts Company Ltd,
Notice of designation of Low Carbon Contracts Company Ltd as a counterparty for Carbon Dioxide Transport and Storage Revenue Support Agreement contracts
Section 59(1) of the Energy Act 2023 (the “Act”) provides that the Secretary of State may by notice given to a person designate the person to be a counterparty for carbon dioxide transport and storage revenue support contracts.
In accordance with section 59(4) of the Act, Low Carbon Contracts Company Ltd gave its consent to be designated under section 59 of the Act by letter dated 8 July 2024. Accordingly, and in exercise of the powers in section 59 of the Act, the Secretary of State hereby gives notice designating Low Carbon Contracts Company Ltd, a company registered in England and Wales with company registration number 08818711, as a counterparty for the carbon dioxide transport and storage revenue support contracts. This notice of designation is given on 5 August 2024. It will also be published in accordance with section 81(3)(a) of the Act.
Yours ever,
Rt Hon Ed Miliband MP
Secretary of State for Energy Security & Net Zero