Carbon capture and storage
Details our role in the regulation of carbon capture and storage as part of meeting the UK’s 2050 net zero target.
We have legal powers to regulate the transportation and storage networks of carbon dioxide (CO2) in the UK. The transport and storage networks will be part of the infrastructure needed for carbon capture and storage.
The rules that must be followed for carbon dioxide transport and storage networks are set out in the Energy Act 2023. The Act also includes our legal powers and how we can use these to enforce and change licences for carbon dioxide transport and storage.
Our main legal duties are to:
- protect the interests of current and future carbon dioxide transport and storage network users, for example large industrial plants who want to decarbonise their operations by capturing and storing their carbon dioxide emissions
- protect the interests of consumers who may be affected by our carbon dioxide transport and storage regulatory activity
- promote the efficient and economic development and operation of transport and storage networks taking into account how those with a licence finance their activities
Licensees
The Department for Energy Security and Net Zero has granted carbon dioxide transport and storage licenses to the following companies:
- Net Zero North Sea Storage Limited (licence granted 10 December 2024)
If you need more information
If you would like to speak to someone at Ofgem about our work on the CCUS RAB, email CCUS@ofgem.gov.uk