Carbon dioxide transport and storage licensees in financial or operational distress
- Publication type:
- Guidance
- Publication date:
- Topic:
- Carbon capture and storage
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This guidance explains how the carbon capture and storage economic regulatory regime would respond if a licensed transport and storage company experiences financial or operational distress.
This guidance is subordinate to the carbon dioxide transport and storage licence and to Ofgem’s statutory duties.
The regulator will take a proportionate, outcomes-focused approach, prioritising user protection and the continued operation of the network where possible. Each case will be assessed on its specific circumstances. This guidance does not constitute legal advice, and licence holders should seek their own legal counsel where appropriate.
Licence holders are expected to maintain open and timely communication with the regulator. Transparency supports early intervention and helps protect the network, its users, and the public interest.