Price Control Financial Model and guidance: carbon dioxide transport and storage

The carbon dioxide transport and storage (CO2 T&S) Price Control Financial Instruments consist of the following three documents:

• Price Control Financial Model (PCFM)
• Price Control Financial Handbook (PCFH)
• Price Control Financial Guidance (PCFG)

Under part F of Special Condition J13 of the CO2 T&S Licence, the Authority is required to publish up to date copies of the Price Control Financial Instruments on its website.

Changes to the Price Control Financial Instruments

When we make changes to the Price Control Financial instruments, we track updates by changing the file name to add a new version number, for example "V1", "V2", "V3".

For the PCFM, changes to the calculations within the model represent a modification under the Special Condition J13 of the CO2 T&S Licence.

Some changes to the PCFM do not constitute a modification (for example, updating the input variable values). We will not give an update like this a unique version number. Instead, we’ll add a label to the end of the filename stating the date it was updated, using the format 'YYYYMMDD'.

CO2 T&S PCFM

The PCFM is a financial model for CO2 T&S Licensees. Licensees must use the latest versions of the PCFM when calculating the value of their Allowed Revenue.

Version history:

• 11 December 2024: Version 1.00, original PCFM version

CO2 T&S PCFH

The PCFH gives Licensees information about how to use the PCFM.

Version history:

• 11 December 2024: Version 1.00, original PCFH version

CO2 T&S PCFG

The PCFG gives Licensees more information to help them use the PCFM, including a high-level description about how the PCFM calculates each building block.

Version history:

• 11 December 2024: Version 1.00, original PCFG version

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Learn more about our role in the regulation of carbon capture and storage.